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Insurance Underwriters Roadshow 2012 January - Petrotrin

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2010/2011 Major Activities Undertaken<br />

Marine Operations<br />

Infrastructure Upgrades:<br />

• A consultant was engaged to assist in the re-engineering of the fire<br />

fighting systems on seven offshore structures and the Point Ligoure<br />

Tank Farm. This project is approx. 84% completed and funding has<br />

been allocated for the implementation of the recommendations on two<br />

(2) facilities in <strong>2012</strong>.<br />

Joint Ventures<br />

• Exploration well SE-1 was spudded in September 2011 in the East Brighton Block<br />

with operator Sinopec.<br />

• Exploration well, Cribo 1, was drilled in Central Range Block with operator Parex.<br />

• Onshore 3D seismic acquisition in Guayaguayare Block with operator Voyager.<br />

• Joint 3D seismic acquisition over NCMA 2, 3 and 4 Blocks.<br />

• Partners in other JVs include: BG, EOGR, Repsol YPF, BHP Billiton, ENI, NSGP,<br />

Kerr McGee, Elf, Venture, Centrica, SOOGL, Bayfield, Niko, Sonde, Chaoyang<br />

43

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