Home' Trinidad and Tobago Guardian : November 2nd 2013 Contents A21
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The first dedicated Onshore Bid
Round in 15 years in T&T attracted 11
bids from five companies for three land-
This successful bid round, which
opened on May 16 and closed on Thurs-
day at noon, offered some 63,715 hectares
of acreage in Trinidad s southern basin,
specifically the Rio Claro, St Mary s and
The Energy Ministry received three
bids for the Rio Claro Block and four
bids each for the St Mary s and Ortoire
Bidding for the Rio Claro Block were
A & V Oil and Gas Ltd, Glint Energy
LLC and Lease Operators Ltd.
For the St Mary s Block, the bidders
were Lease Operators Ltd, Range
Resources Ltd Trinity Exploration and
Production plc and Glint Energy LLC.
A & V Oil and Gas Ltd, Touchstone
Exploration Inc Glint Energy LLC and
Lease Operators Ltd put in bids for the
In total, 17 data packages were sold
for US$40,000 each, resulting in some
$TT 4.4 million in revenue.
Energy Minister Kevin Ramnarine said
said the bid round took almost two years
of planning and preparation.
"The 2013 Onshore Bid Round is linked
to the Government s policy to increase
oil production and realise growth in the
country s hydrocarbon reserves.
At present, activity related to land-
based oil production is very high. There
are 20 workover rigs in T&T; all 20 are
currently utilised and there is a waiting
list to use these workover rigs.
"This is a good proxy that demon-
strates the high level of activity," he said.
The successful bids will be announced
before the end of the year. Successful
bidders will be issued exploration and
production licences and will enter into
a joint operating agreement with state-
owned Petrotrin which will have a 20
per cent carry in all three blocks.
The land-based bid round was the
first since the late 1990s when the bid
round led to the Carapal Ridge discovery
in the Central Block which is now being
operated by British Gas.
Fireworks dealers were yesterday
expecting to cash in on last minute sales
for Divali which is being celebrated
Nadia Ghany, sales manager at Fire-
power Fireworks in Chaguanas, said in
an interview, "Divali is the biggest sales
season of the year for local fireworks
dealers and sales have been skyrocketing
in recent days." Ghany said more and
more fireworks dealers are entering the
She said most other items people pur-
chase for the Hindu religious festival can
be re-used, such as clothing and electrical
lights, fireworks are a one time use com-
modity. Ghany said consumers spend
on an average $300 each for the season.
Many dealers were planning to open
late yesterday and today offering special
bargains to consumers.
Ghany said that was one of the major
reasons that many consumers held back
on purchasing fireworks until the last
Fireworks dealers cash in on Divali sales
T&T innovators Ade Inniss-King and Madonna
Corrian were among three teams from around the
world who won US$10,000 in seed funding and
mentorship to launch their companies after their
apps got the approval of a judging panel at the World
Bank s VentureOut Challenge yesterday in Chisinau,
Their winning submission was Made---My App for
Disasters and Emergencies.
The duo got the idea for the app last year when
T&T experienced flash flooding that caused more than
US$15 million in damages in Diego Martin.
Made creates value for its users by effectively deliv-
ering actionable, location-specific information about
natural disasters and emergencies, and connects those
in need directly with first responders and disaster
response co-ordinators, enabling them to optimally
allocate resources, something greatly lacking in the
The winners were selected out of more than 100
promising applicants after pitching their innovative
mobile app technologies to a panel of venture capitalists
in a "Dragons Den" style competition.
Top mobile app entrepreneurs from 33 countries
competed during the international mobile meeting
organised by infoDev of the World Bank. The goal was
internationalisation of their mobile applications, entering
new countries, continents or going global with their
The initiative was launched to aid mobile app entre-
preneurs in expanding internationally. The global group
of panelist-judges included experts in mobile app
technology and bringing ventures into the global mar-
ketplace. Besides the competition, The Supporting
Access to International Markets for Startups and SMEs
conference included teaching and training on the latest
market strategies in internationalisation from the panel
of experts. Strategies in networking, mentorship and
partnerships with incubators as a means of interna-
tionalisation were discussed specifically.
The panel also facilitated dialogue on the topic of
entrepreneurial community building in Moldova, where
participants brainstormed strategies to support the
development of mobile application technology in the
Although three winners were selected, all participants
will receive ongoing training and mentorship for the
internationalisation of their ventures and the devel-
opment of their customer base in the coming months.
Finalists presented mobile applications ranging from
mobile health focusing on patient-centric health appli-
cations to location-based services and different sorts
of entertainment including music, gaming and tele-
Competing in the final round of the competition
were entrepreneurs from technology community part-
ners located in eight countries---Armenia, Jamaica,
Kenya, Macedonia, Nigeria, Senegal, South Africa and
achieves 11 bids
Gaitri Boodram, left, Donna Karim and Sherina Mohammed try on traditional Hindu wear at Priya's Creation, San Fernando, yesterday.
Last-minute shoppers were busy yesterday buying clothing and other items for Divali celebrations today. PHOTO: KRISTIAN DE SILVA.
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