TT, Venezuela meet on cross-border reservoir

A meeting of the local Joint Steering and the Special Multi-Disciplinary committees and officials from Venezuela’s energy sector, for the unitization of cross-border hydrocarbon reservoirs, was held recently at the Ministry of Energy in Port of Spain.

The TT delegation comprised officials of the Ministry of Energy, the Ministry of Foreign Affairs and the Ministry of the Attorney General and Legal Affairs. It was led by Permanent Secretary Selwyn

Lashley, who was TT’s co-chairman for the meeting. The Venezuelan delegation was led by Douglas Sosa, Vice Minister of Gas (who was Venezuela’s co-chairman at the meeting) and included Ángel González, Vice Minister of Hydrocarbons.

Matters discussed included a detailed review of the draft Loran-Manatee Unitisation and Unit Operating Agreement; and updates on the progress of the development of the Dragon Field, the Manakin-Cocuina development and studies being conducted by the Kapok-Dorado Joint Reservoir Technical Working Group.

Energy Minister Franklin Khan paid a courtesy visit and re-iterated TT’s firm commitment to progressing and deepening technical collaboration between the two countries in a number of areas including Reservoir Unitization; Joint Field Exploration and Development; the sharing of Infrastructure for Hydrocarbon production and monetization; and coordinated environmental protection and emergency response.