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+--- Thread: Trinidad announces discovery of 48M barrels of oil (/thread-5463.html)
Trinidad announces discovery of 48M barrels of oil - Captain - 03-30-2012
Trinidad announces discovery of 48M barrels of oil[img alt=Associated Press]http://l.yimg.com/bt/api/res/1.2/kjmVjizroQE0M3Nlej7hqQ--/YXBwaWQ9eW5ld3M7Zmk9Zml0O2g9Mjc-/http://media.zenfs.com/en_us/News/logo/ap/ap_logo_106.png[/img]Associated Press – 1 hr 33 mins ago
PORT-OF-SPAIN, Trinidad (AP) — Trinidad's state-owned petroleum company says it has discovered 48 million barrels of crude oil off the island's southwest coast.
Petrotrin President Designate Khalid Hassanali said late Thursday that it is the company's biggest discovery in a decade. He said the crude oil is located in 60 feet (18 meters) of water and described it as a combination of light and heavy oil.
Prime Minister Kamla Persaud-Bissessar said the anticipated revenue would be used for several development projects.
"There will be no squandering of these very precious resources," she said.
While she anticipated that Trinidad and Tobago would receive a substantial economic boost, local economists were more reserved.
"It is far too early to make a true assessment of the Petrotrin find and its impact on the economy," economist Gregory McGuire said.
Hassanali said the discovery was made last year, adding that officials do not know yet when drilling and commercial production would start.
Trinidad's oil production has fallen in the last two decades to about 97,000 barrels per day from a peak in the 1970s of more than 200,000 barrels per day.
Hassanali said local refineries have the capacity to process 150,000 barrels per day, but that only 50,000 of that production comes from local sources.
Re: Trinidad announces discovery of 48M barrels of oil - mapoui - 03-30-2012
a bunch of lies.
who knows how much oil titty really has and how much oil business is actually done in those oilfields?
certainly not the people of Titty :cheesy: :cheesy: :cheesy: :cheesy:
Re: Trinidad announces discovery of 48M barrels of oil - Captain - 03-30-2012
look here Kamla knows
and the people of titty will be driving bigger and faster cars lots of gold
Re: Trinidad announces discovery of 48M barrels of oil - mapoui - 03-30-2012
[quote author=The Captain link=topic=64909.msg407551#msg407551 date=1333146097]
look here Kamla knows
and the people of titty will be driving bigger and faster cars lots of gold
[/quote]
deh mus' mek sure dem cyar an dem balance so deh stop run off the roads and kill people.
hocked: hocked: hocked: blame kamla
Re: Trinidad announces discovery of 48M barrels of oil - chairman - 03-31-2012
why blame kamla, the best PM tnt ever had
Re: Trinidad announces discovery of 48M barrels of oil - mapoui - 03-31-2012
[quote author=The Chairman link=topic=64909.msg407575#msg407575 date=1333169486]
why blame kamla, the best PM tnt ever had
[/quote]
::rofl:: ::rofl:: ::rofl:: ::rofl:: ::rofl::
::rofl:: ::rofl:: ::rofl:: ::rofl:: ::rofl:: ::rofl::
::rofl:: ::rofl:: ::rofl:: ::rofl:: ::rofl:: ::rofl:: ::rofl::
Re: Trinidad announces discovery of 48M barrels of oil - Captain - 03-31-2012
they will have better life
Re: Trinidad announces discovery of 48M barrels of oil - ketchim - 03-31-2012
Like Barbados Flying Fish :
dat is Guyana Oil ! :angry:
Re: Trinidad announces discovery of 48M barrels of oil - Pauly - 03-31-2012
How long does it take for Mother Nature to produce a barrel of oil, I wonder? What do they mean by "no squandering?" Aren't we all guilty of squandering Mother Nature's precious natural resources? I'll bet our grandchildren and great-grandchildren will be able to answer that question in a few generations.