Prime Minister, Dr Keith Rowley today received a comprehensive report on the operations at Petrotrin which includes recommendations for the restructuring of the wholly State-owned company, a statement by the Office of the Prime Minister (OPM).
The report was submitted by the Petrotrin Review Committee which was appointed by the Prime Minister in March.
This appointment followed a Cabinet decision that called for a review of operations at the energy company in light of falling revenues, allegations of mismanagement and decreasing oil prices worldwide.
Oil has washed up on the shores of Venezuela's tourist island, Margarita and there are suggestions that it might be from the April 23rd Petrotrin oil spill.
The latest development comes as 61 Venezuelan NGOs have demanded compensation from the Government of Trinidad and Tobago for the oil spill.
Authorities have not yet been officially tested the oil found in Margarita, but reports coming from Venezuela seem to suggest that it is the same type of oil found on Venezuela's Guiria coastline
Petrotrin President Fitzroy Harewood admits that the state-owned company is too reactive when it comes to safety saying it would cost approximately $16 billion over the next four years to repair Petrotrin’s aging infrastructure.
He also revealed that two of the seven tanks that were deemed high risk, are currently being repaired.
Speaking at a luncheon hosted by the Energy Chamber of T&T held at Cara Suites hotel in Claxton Bay yesterday, Harewood said Petrotrin planned to implement a company-wide asset integrity programme which may cost Petrotrin billions of dollars.
Petrotrin says clean-up, recovery and remediation activities continue, following the oil spill which occurred on Sunday, 2017 April 23 at the Pointe-a-Pierre Refinery.
A statement by the company says ongoing monitoring remains in place.
"The Company takes this opportunity to remind our stakeholders that our Oiled Wildlife Management Plan remains in effect. As we continue our search and rescue efforts, interested persons can continue to contact our 24- hour emergency response hotline - 658-SAFE (7233)," the Petrotrin statement said.
State-owned oil company, Petrotrin says it is working with established centres to rehabilitate birds impacted by the oil spill.
Petrotrin says anyone with information about affected wildlife, should contact its 24-hour emergency hotline.
The following is a statement by Petrotrin.
"Petrotrin continues an appeal to members of the public to share information to support its efforts to rescue birds and wildlife possibly impacted by the spill that occurred on one of its tanks on Sunday, 2017 April 23.
Petrotrin has established a team to investigate the cause of the leak that occurred on one of its tanks on Sunday, 2017 March 23, a statement by the company today said.
Petrotrin said the team includes personnel from Petrotrin’s Health Safety and Environment (HSE) and Operations Departments along with a representative from the Oilfields Workers’ Trade Union (OWTU).
Sunday’s spill occurred on land in the tank farm area, located on the north-western side of its operations and considerable distance away from the Guaracara River.