PORT OF SPAIN, Trinidad, Mar 30, CMC –The state-owned oil company, PETROTRIN, says it has discovered a well with an estimated 48 million barrels of crude in shallow water wells just off the coast of Point Fortin.
PETROTRIN officials said that the fisd is the best in the last 10 years and Prime Minister Kamla Persad Bissessar told reporters that the oil find re-affirms that indeed “God is a Trini”.
“As a result of the jubilee discovery by PETROTRIN as a state owned company decisions can be made faster and easier and you can be assured there will be no squandering of these very precious resources but every penny derived will go towards genuine people-centred development in several areas,” she said.
“So what does it now mean for the man in the street, for the citizen of Trinidad and Tobago? In a phrase if I would sum it, I would say better times in the best of initiatives that will benefit you the citizen of Trinidad and Tobago,” she added.
“Let us first be sure to accept with humility the intervention of a purpose far greater than ourselves and to give praise where praise is first due—to Almighty God for what he has bestowed upon this nation at this time,” she said.
The Prime Minister suggested that PETROTRIN convene a day of “prayerful gratitude” to recognise the contribution of the company’s employees.
PETROTRIN’s president-designate Khalid Hassanali said the company, which was engaged in aggressive drilling, discovered the oil off the Gulf of Paria four miles west of Point Fortin in 60 feet of water.
