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BP aiming for 20% global growth from Trinidad & Tobago


Petroleumworld.com 02 06 2017

WITHIN the next ten years international oil and gas giant BP is looking to increase the percentage of gas in its portfolio to at least 60 per cent.

Trinidad and Tobago's input is key to that goal being realised, the UK company's chief executive, Upstream, Bernard Looney says.

Speaking via video conference from London at last week's Energy Conference 2017 at the Hyatt Regency (Trinidad) in Port of Spain, Looney said over the next three years BP expects this country to deliver one in every five new barrels in its upstream business.

“That is around 20 per cent of our global growth coming from Trinidad and Tobago,” he stressed. “Furthermore, Trinidad has a vital role to play in the world's transition to a lower carbon future, one in which gas–as the cleanest fossil fuel–plays an increasing part,” Looney said.

Investments despite challenges

Looney said because of the over 50-year partnership between BP and Trinidad and Tobago, both have seen many challenges and changes together.

Story by Leah Sorias from Trinidad Express

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