Our Business Model

Our operations are focused on core business activities supported by enabling functions.

LAND BUSINESS UNIT

Responsible for growing and optimising base production on land safely and economically, by enabling efficient and effective operations, drilling, enhanced oil recovery, robust asset integrity and maintenance programmes.

MIDSTREAM BUSINESS UNIT

Receives crude from offshore, land and lease operators; manages the fiscalisation of the crude and pumps it to an affiliated Trading Company for cargo sales.

OFFSHORE BUSINESS UNIT

Seeks to maximise value through the efficient and effective execution of projects and routine upstream activities within the Soldado Fields. The Unit develops field acreage through the efficient and safe execution of surface and subsurface activities, while protecting our base production.

BUSINESS DEVELOPMENT UNIT

Manages the partnerships and joint ventures that continue to be central to our strategy and creates new business opportunities for the company. Through our collaboration with governmental and commercial partners, we leverage both the capital and technical expertise to realise the potential of our asset base. Roughly 30% of production comes from non-operated entities as our joint venture and sub-licence programme, which is extensive.

CORPORATE FUNCTIONS

Backbone and supportive functions such as Finance, Human Resources, HSSE (Health, Safety, Security, Environment), Information Technology, Supply Chain Management, Legal & Land Management, Facilities & Property Management, Corporate Communications, Internal Audit, Subsurface and Corporate Security.

MOLO CRUDE

We are the producers of our own brand of crude oil called MOLO, a medium gravity, medium sour crude of Trinidad and Tobago origin. It is a blend of land and offshore crude supply and represents crude oil in its natural state.

QUALITY API 24.4o API Sulphur 1.4 w.t. %

LNG LIQUIFIED NATURAL GAS

Trinidad & Tobago is one of the world’s primary producers of LNG and we play a role in this aspect of the energy mix.

Gas produced from the Offshore Business Unit is used to gas lift our wells or is routed to the Hollywood Manifold, located in Point Fortin and is routed through several gas scrubbers within Midstream Business Unit and then used for the steam generators within land and chemical injection pumps within the Midstream and Land operations, onshore gas is used for steam generation. Gas from our JV partners is sold to Atlantic LNG and exported across the globe. Gas not used in the operations is currently sold or vented.

KEY PLAYER IN T&T’S ENERGY MIX

Established relationships across the value chain, including with:

1. The National Gas Company 2. International Energy Companies, including BP and Shell 3. Downstream companies and markets 4. The Ministry of Energy and Energy Industries