Roget: No to Petrotrin split

CARLA BRIDGLAL

THE Oilfield Workers’ Trade Union is against the Petrotrin board’s decision on Wednesday to split the company in two.

“We will have a lot to say about that going forward because it seems that they are setting the public up to believe that Petrotrin must be sold to their friends. And we are against that.

“We are against Neal and Massy (sic), the Wood Group, in any form or under any name acquiring what belongs to the people. Petrotrin is in the position it is in today because of successive governments and poor management by those governments.

And that cannot be disputed with any success,” the union’s president-general Ancel Roget told reporters yesterday during a protest in front of Rowan Drilling Ltd, in St Clair.

From March1, Petrotrin will be splitting into two distinct business units, one focusing on upstream production and the other on downstream activities. This was announced on Wednesday at a Parliamentary Joint Select Committee on Energy Affairs, by director Nigel Edwards, who presented to the committee on the Board’s strategy for taking the company on a new way forward.

Edwards yesterday clarified that a final decision was taken yesterday at a Board meeting and while the transition will begin at the start of next month, it will be fully executed within an 18-month period where the company will seek to streamline its operations to become more efficient, and hopefully, profitable.

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"Roget: No to Petrotrin split"

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