The Trinidad & Tobago Business Guide (TTBG, 2009-10)

Table 20 Production summary: oil, gas, petrochemicals, petroleum and industrial products
CRUDE OIL
PRODUCTION
(000 bbl)
Average
production
(b/d)
Refinery
throughput
(000 bbl)
Natural gas
production
(mmcf/d)
LNG
production
(mn cu m)
2002 47,706.6 130.7 54,601.2 1,826.8 nd
2003 48,981.1 134.2 54,086.4 2,596.6 20.2
2004 44,984.7 122.9 47,842.4 2,929.1 23.2
2005 52,739.6 144.5 60,087.8 3,217.9 23.3
2006 52,104.8 142.8 55,601.7 3,878.4 29.9
2007 43,807.0 120.0 42,620.2 4,037.9 32.1
(000 bbl)
Motor
gasolene
Gas/diesel oil
Fuel oil
Kerosene/
aviation fuel
2002 10,373.3 11,534.5 20,745.1 5,357.1
2003 10,572.8 11,012.7 21,258.4 5,481.0
2004 9,858.5 10,598.8 17,960.6 4,959.6
2005 11,757.8 13,282.9 20,490.4 6,484.4
2006 13,452.8 12,405.0 18,668.2 6,372.0
2007 11,871.7 12,776.1 16,880.8 6,366.7
Natural gas
liquids (000 bbl)
Methanol
(000 tonnes)
Fertilisers
(000 tonnes)
2002 8,607.6 2,829.0 4,660.0
2003 10,508.8 2,845.7 4,965.0
2004 10.686.8 2,750.8 5,350.6
2005 9,889.4 4,694.8 5,914.9
2006 11,251.0 6,015.6 5,816.9
2007 12,449.9 5,933.4 5,901.9
(000 tonnes) Cement DRI Billets Wire rods
2002 743.7 2316.4 817.0 704.5
2003 765.6 2275.0 896.0 640.9
2004 768.5 2336.5 789.8 616.2
2005 686.4 2055.3 712.0 472.1
2006 883.0 2071.5 673.0 485.7
2007 901.8 2062.8 694.6 510.3
Source: Central Bank
Industrial estates
Of course, all these major industries will
require new industrial estate and port
facilities. This responsibility has been
handed to the NEC, which has already
completed one such new location, the
250-hectare Union Estate at La Brea, south
of the long-established 150-hectare La Brea
estate. The latter has for some time had its
full complement of 46 tenants, including
the ground-breaking fabrication yard where
new offshore platforms are built, an industry
which has proved a resounding success.
Union is also already spoken for, with the
aluminium smelter and associated power
plant as its chief tenants.
The NEC will continue work in 2009
on two further facilities. One is the
1,800-hectare Point Lisas South and East
industrial estate (next to the original Point
Lisas estate, which propelled Trinidad and
Tobago into gas-based industry big time); its
tenants are expected to be Essar steel, Carisal
and Isegen. The other is the Oropouche
industrial estate, to be built on 1,400
hectares of land reclaimed from the sea, 3.5
km off the west coast. This may slow down
in 2009 because of the projected shortfall in
government revenue.
Port development
Port development associated with new
estates is also moving ahead. US$40 million
is being spent on a new 307-metre quay wall
adjoining the existing port at La Brea, which
will involve 5 hectares of reclamation and
15.5 hectares for storing incoming alumina
for the Alutrint smelter, to which the port
will be exclusively dedicated.
At Point Lisas South and East, meanwhile,
a multi-user three-berth facility is about to
begin, at a projected cost of US$104 million.
The three berths can be increased in future
to nine if required.
Then there is the TT$447 million port at
Galeota, in the southeast, located close to the
existing terminal operated by Scotland’s Asco
on behalf of BP, which has had to move out
because of the new facility. It will have six
berths, primarily to serve east coast offshore
oil and gas production platforms; there will
be room for onshore commercial activity.
The NEC has estimated that estate
development and port construction will cost
a total of TT$3.8 billion (about US$633
million) between 2008 and 2013. This does
not include the plants that will actually
occupy the estates, which are priced at
another TT$55 billion (US$9.16 billion).
Award-winning journalist David Renwick is a
specialist on Caribbean energy and the author of
the bi-monthly ENERGY Caribbean newsletter and
the ENERGY Caribbean Yearbook.
09/10 TTBG 47