Prime Minister Dr Keith Rowley and Minister of Communications, Minister in the Office of the Prime Minister and Minister in the Office of the Attorney General and Legal Affairs, Stuart Young have met with a high-level delegation from BHP Billiton at the Diplomatic Centre.
The Office of the Prime Minister (OPM) said that Steve Pastor, Global President Petroleum BHP Billiton led the delegation which included Derek Cardno, Vice President Drilling, Vincent Pereira, President BHP Trinidad and Tobago and Sheldon Narine Corporate Affairs Advisor.
BHP Billiton could spend up to $US1 billion on offshore oil exploration next financial year after securing a second drill rig that will let it test big targets in the Gulf of Mexico and Trinidad and Tobago, as part of the company’s biggest exploration push in more than 10 years.
BHP Billiton has confirmed that ity is sending home staff. The company issued a statement this afternoon confirming the cuts.
The following is the statement from BHP Billiton.
"Today’s petroleum industry is facing extremely challenging market conditions, even by historical standards.
BHP Billiton is examining our current and future business needs to optimize both staffing and costs and make appropriate adjustments in its global Petroleum business. We remain committed to our ongoing operations while maintaining a platform for future growth opportunities.