Pereira: We are still trying to understand the geology of the hydrocarbon system.
Any concessions given to current players will have some impact on revenues to the government.
The downgrading of the Trinidad and Tobago economy by Moody’s should not come as a great surprise, particularly as oil and gas prices were fairly flat between 2011 and June 2014.
Production sharing contract concluded since April 2011.
Budget must be aligned to vision and goals.
We cannot control global gas and commodity prices, but we can control how efficiently our industry operates.
The key question now is how we can put this information to use. Based on where you sit, of course, your perspective on and answer to that question can vary.
It's about getting the basics of business right.