BPTT/UWI conference to explore transparency in hydrocarbon sector

March 19, 2014

BPTT regional president Norman Christie has urged the nation to continue the discussion on transparency and accountability in relation to revenues from the hydrocarbon industry.

Christie was speaking on March 19 at the launch of “Revenue Reporting in the Extractive Industry” a conference organised by bpTT in conjunction with the University of the West Indies. The conference will be held from June 5-6 at the Hyatt.

Christie said: “It is important for all of us gathered here today to remember and understand that transparency and accountability are not “nice to haves”…rather they are key ingredients in the sustenance of a real democracy in this country. We need the voices of the young and the old, the meek and the bold to take part in this national conversation.”

The conference will bring together international, regional and local experts to discuss issues of transparency and accountability. The aim is to improve awareness of these issues in Trinidad & Tobago.

In 2012, bpTT and UWI collaborated on a similar conference: “Revenue Management in Small Highly Open Hydrocarbon Rich Economies”. The 2012 conference explored the different ways in which governments could earn revenue from extractive industries and best practices in terms of revenue expenditure. 

As part of the lead-up to the conference, the University of the West Indies launched an art competition for secondary and tertiary level arts students in three categories: visual arts, short film and animation. Students have been asked to express their talents surrounding one of four topics related to transparency and accountability.

If you would like to learn more about the conference and the competition please visit: http://sta.uwi.edu/conferences/14/revenue/index.asp

Note to editors:
BPTT operates in 904,000 acres off Trinidad’s east coast. An affiliate company BPEOC also has Production Sharing Contracts for 899,000 acres in two deepwater blocks off the north east coast. BPTT has 13 offshore platforms and two onshore processing facilities.

Further information:
Luis Araujo, bpTT: +1 868 793-3374
Danielle Jones, bpTT: +1 868 497-4747