Home' Trinidad and Tobago Guardian : October 31st 2013 Contents OCTOBER 2013 • WEEK FIVE www.guardian.co.tt BUSINESS GUARDIAN
ENERGY | BG31
This signalled the beginning of a new
era, the marketing of Shell products via a
newly-formed company, Shell Chemicals
and Services (East Caribbean) Ltd. In addi-
tion to its marketing of Shell s chemical
products in T&T, this company also pro-
vided services for other Shell companies
in the region, thus ensuring a continued
and uninterrupted presence.
The following is an excerpt from the
announcement by the Government at the
time through its Ministry of Petroleum
"On 20th August, 1974, the Government
of T&T and the Shell Group settled the
terms and conditions of an agreement to
buy and to sell the shares of Shell Trinidad
Ltd, a company registered in the United
Kingdom, and wholly owned within the
All shares of Shell Trinidad Ltd were
bought by the T&T Government following
rounds of tough negotiations. This followed
the policy towards more local ownership.
Shell Trinidad Ltd, however, stayed on as
a marketing entity in the role as a buyer
and seller of Shell lubricants and chem-
The agreement covered the following:
• the purchase of the company s land
reserves estimated at 21.4 million barrels
which now produces approximately 7,000
barrels per day. The company also produces
approximately 50 MNCF of gas for sale to
industry and for use in its reservoirs and
in the refinery.
• One-third share of Trinmar s produc-
tion from the Soldado fields in the Gulf
of Paria amounting to approximately 17,000
barrels of crude oil daily (marine).
• The refinery at Point Fortin with a
capacity of approximately 100,000 barrels
per day and a productive capability for
bitumen, fuel oils, middle distillates and
motor and aviation gasoline.
Coast Consortium for which the Govern-
ment was paid a bonus of $3.1 million in
• The domestic marketing operations
for motor gasoline amounting to almost
15 per cent of the local market and for lubricating
oils and other products.
• Shell s proprietory knowledge and patent rights
for various refinery processes.
• Other matters agreed to by the parties included
the purchase from the Shell Group of specialised
additives for aviation and motor fuels and for lubri-
cating oils for aircraft and marine use.
• The consideration for the purchase and sale
of the shares of Shell Trinidad Ltd was agreed at
$93.6 million, of which 75 per cent was to be paid
before the vesting day of 30th August, 1974, and
the remainder to be paid in two instalments on 28
February, and August 31, 1975, at seven per cent
The last issue of Shell Topics on August 29, 1974,
had a fairewell feature splashed across its cover by
then managing director Paul Bates. In it, he notes,
"I think it is fair to say that if this company leaves
any legacy to the country ofT&T, it is that of a
well-trained, efficient group of people."
Twenty years at Pt Lisas (1993-2013)
Shell Trinidad Ltd today
In 2013, Shell Trinidad Ltd also commemorates
the 20th anniversary of its Lube Oil Blending PLant.
For its tenth anniversary back in 2003, a gala cel-
ebratory was held to mark the milestone.
The following is an excerpt from Nicholas Short-
hose s address, chairman, Shell Trinidad Ltd, at the
tenth anniversary in 2003:
"We recognise that despite globalisation, all cus-
tomers must be served locally. Each country has
its own distinct character, and business is about
more than a transaction; it is about relationships.
Shell has had a relationship with Trinidad since
1913 when a Shell-owned subsidiary, United British
Oilfields of Trinidad (UBOT) started oil exploration
Since those early days, Shell has been involved
in exploration, production, refining, marketing and
retailing of oil products in this country. We have
had at one point some 4,000 employees in Trinidad.
At that time, we had E&P activities, refining, lubri-
cants blending, retail stations, chemical business.
In fact, Trinidad served as the head office for our
regional businesses in the Caribbean.
Even now, Shell continues to actively seek new
opportunities in Trinidad in the E&P business, in
the downstream gas business, in the aviation fuelling
businessand in the fuels retailing business.
Today, however, our principal business in Trinidad
is our libricants, lubricants blending plant located
on the Pt Lisas Industrial Estate. There we man-
ufacture finished lubricating oils for customers
throughout the Caribbean and Central America.
That blending plant has now been in successful
operation for ten years, giving us the reason for our
The plant at Pt Lisas forms an integral part of
Shell Trinidad s operations and is staffed by some
The blending process at the plant is fully com-
puter-controlled. There is no manual intervention
until the final stages of loading, testing and dispatch
to the holding vessels or filling lines. The plant has
a laboratory on site with state-of-the-art equipment
for ensuring that the highest quality product is
produced at all times. The raw materials of base
oils and the various additives as well as packaging
materials are constantly monitored against strict
Zero tolerance of infringements of safety and
health practices means a boost in productivity. At
Shell Trinidad Ltd, there has been an increased
focus on safety standards and a culture of safety
and best practice pervades throughout the organ-
Shell Global Solutions provides technical services
to Petrotrin locally in both downstream and
upstream opertions and motor sport sectors.
It is also proud of its winning technical partnership
with the care racing Ferrari Formula 1 team, which
provides the ultimate test track for its fuels and
motor oil lubricants, such as Helix.
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