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Sunday, May 4, 2025

Heritage CEO surveys start-up from ground

by

Gail Alexander
2343 days ago
20181203
Mike Wiley, the Chief Executive Officer of  the Heritage Petroleum Company Ltd

Mike Wiley, the Chief Executive Officer of the Heritage Petroleum Company Ltd

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Her­itage Pe­tro­le­um Com­pa­ny CEO Mike Wi­ley was “on the ground” yes­ter­day vis­it­ing San­ta Flo­ra lo­ca­tions to en­sure the se­cu­ri­ty of in­stal­la­tions as the com­pa­ny be­gan work.

Trinidad Pe­tro­le­um Hold­ings Com­pa­ny (TPHC) chair­man Wil­fred Es­pinet con­firmed the sit­u­a­tion to the T&T Guardian fol­low­ing Wi­ley’s first of­fi­cial day of op­er­a­tions.

On yes­ter­day’s over­all start-up of op­er­a­tions of the re­struc­tured en­ti­ty, fol­low­ing the of­fi­cial shut­down of Petrotrin last Fri­day, Es­pinet said, “There was no in­ter­rup­tion of op­er­a­tions and the tran­si­tion went off with­out event. The re­spec­tive planned ac­tiv­i­ty of all the new com­pa­nies went off with­out hitch and we’re now con­cen­trat­ing on en­sur­ing that these op­er­a­tions are at the lev­el of ef­fi­cien­cy they were de­signed for.”

The TPHC is the hold­ing com­pa­ny which suc­ceed­ed Petrotrin fol­low­ing clo­sure of the lat­ter’s op­er­a­tions last Fri­day and start of the re­struc­tured en­er­gy en­ti­ty last Sat­ur­day. Apart from Her­itage Pe­tro­le­um, the Paria Fu­el Trade com­pa­ny (which is han­dling fu­el trad­ing/bunker­ing) al­so be­gan op­er­a­tions. The third en­ti­ty, Guaracara Re­fin­ing com­pa­ny which cov­ers the now-de­funct re­fin­ery as­sets, is not in op­er­a­tion. Damus Ltd is cur­rent­ly in charge of su­per­vis­ing the GRC.

Es­pinet said the Her­itage’s op­er­a­tions in­clude the op­er­a­tion of a num­ber of wells un­der the com­pa­ny’s con­trol while there are con­trac­tu­al pro­duc­tion-shar­ing arrange­ments with oth­er par­ties.

At the Her­itage plant yes­ter­day, Wi­ley, who al­so met with his man­age­ment team, had been en­sur­ing all sites were safe fol­low­ing cer­tain in­ci­dents last Fri­day with some out­go­ing work­ers. But Her­itage of­fi­cials de­scribed those cas­es as “iso­lat­ed mi­nor” in­ci­dents where “a tyre was slashed and the like,” but there was no co-or­di­nat­ed ac­tion. Se­cu­ri­ty has been in­creased at all com­pa­ny lo­ca­tions since the sit­u­a­tion and there have been no more in­ci­dents.

Al­so, im­me­di­ate­ly from last week­end’s lift-off date, the Paria Fu­el Trad­ing Co Ltd com­menced ter­mi­nalling op­er­a­tions. Road tank wag­ons took on board fu­el for ve­hi­cles, kerosene and diesel for dis­tri­b­u­tion all week­end. Tanker-load­ing of crude oil was al­so start­ed over the week­end.

The vast ma­jor­i­ty of Paria em­ploy­ees - just over 200 - are con­tract­ed work­ers, dur­ing this pe­ri­od while the en­ti­ty con­tin­ues to be ful­ly staffed.

At the Guaracara Re­fin­ing Com­pa­ny, where Damus Ltd is en­sur­ing re­fin­ery preser­va­tion, main­te­nance and su­per­vi­sion, Es­pinet said there have in­deed been a num­ber of queries about the re­fin­ery. from in­ter­est­ed par­ties

“But we’re not in­volved in this (yet), those things have a less­er pri­or­i­ty than the safe op­er­a­tions of the new com­pa­nies which start­ed,” he said.

“Damus will be on site at the re­fin­ery un­til we is­sue the Re­quests for Pro­pos­als in­ter­na­tion­al­ly for of­fers of in­ter­est in the re­fin­ery. We’re con­cen­trat­ing on get­ting the re­quired ex­per­tise to help us in­sti­tute the RF­Ps. I’d hope the process will start soon and the RF­Ps may be out by Jan­u­ary.”

Mean­while, of­fi­cials of the TPH­CL hold­ing com­pa­ny said pay­outs have been done for all salaries, ter­mi­na­tion back­pay, out­stand­ing va­ca­tion pay­ments and pay­ment for processed pro­mo­tions al­so.


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