The Ministry of Energy said T&T’s oil production hit a two-year high in September. An October 7 release from the ministry said national oil production averaged 84,848 barrels per day, the highest in two years, and that the increase in production took place year-on-year and month-on-month. In August, production averaged 82,184 barrels of oil per day (bopd) and in September 2013, the national average production was 81,140 bopd.
The release was issued after an October 3 meeting of Energy Ministry officials with the chairman, directors, and management of London-listed LGO plc (formerly Leni Gas & Oil). It was the first meeting between Energy Minister Kevin Ramnarine and new LGO chairman Stephen (Steve) Thomas Horton who was appointed on August 27. Horton had been a non-executive director of the company since February 2011 but replaced founder David Lenigas who had been the company chairman since its incorporation in August 2006.