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Heritage and Staatsolie explore partnering opportunities

TT Guardian

Meeting in progress

By Geisha Kowlessar-Alonzo / TT Guardian

PORT SPAIN
Petroleumworld 11 24 2021

Delegates of the Suriname oil company, Staatsolie Maatschappij, met with delegates of Trinidad’s Heritage Petroleum Company Limited to discuss mutual ways in which they can both fortify their energy sectors. Details follow in this press release from Heritage Petroleum Company Limited:

Recently, a high-level delegation representing Suriname and its national oil company, Staatsolie Maatschappij Suriname (Staatsolie), met with members of the leadership of Heritage Petroleum Company Limited (Heritage), at the Company’s Port of Spain office.

The delegation from Suriname was led by its Minister of Foreign Affairs, His Excellency (H.E.) Albert R. Ramdin and included the Minister of Natural Resources, H.E. David Abiamofo, Chief Executive Officer (C.E.O) Staatsolie Mr. Annand Jagesar and Deputy Permanent Secretary for Geopolitical Affairs at the Ministry of Foreign Affairs Ms. Sachi Ramlal-Soekhoe.

Heritage was represented by Chairman of the Board of Directors Mr. Michael Quamina, Chief Executive Officer Ms. Arlene Chow, Chief Financial Officer Mr. Nigel Campbell and Business Development Leader Mr. James Walker. Paria Fuel Trading Company Limited (Paria), sister company to Heritage, was represented by Ms. Melissa Diptee, Scheduling and Logistics Lead.

Like Trinidad and Tobago, Suriname is focused on strengthening its energy sector and maximizing returns from its hydrocarbon resources. As such, both parties are seeking to explore mutually beneficial opportunities to strategically partner. Opportunities discussed include:

• Leveraging existing infrastructure in Trinidad

• Development of local capabilities and competencies

• Maximising the impact of ESG (Environment, Social and Governance) Sustainability through partnership

• Expanding business development

Both parties are excited about the prospects to strategically collaborate and look forward to deriving mutual benefits which would ultimately redound to the people of both nations.

 

 


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