Kevin Ramnarine
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Kevin Ramnarine was the Minister of Energy and Energy Affairs of Trinidad and Tobago from June 2011 to September 2015. From May 2010 to June 2011, he served as Parliamentary Secretary in the Ministry of Energy and Energy Affairs of Trinidad and Tobago. He is currently a lecturer at the Lok Jack Graduate School of Business in Trinidad and Tobago and an energy consultant.
During his tenure as Minister , the government provided the incentives necessary to Trinidad and Tobago’s deepwater acreage for exploration. In total nine deepwater “production sharing contracts” (PSC’s) were signed with BHP Billiton and its partners. Arising out of these nine contracts BHP Billiton conducted the second largest 3D seismic survey conducted by an International Oil Company in the history of the oil industry.[1] This seismic survey covered 20,1999 square kilometers of the deepwater province of Trinidad and Tobago. The largest being conducted by Anadarko in Colombia.
After government legislated fiscal incentives were implemented, investments in deep-offshore by companies such as BHP meant that Trinidad & Tobago saw a four-fold increase in petroleum related Foreign Direct Investment from $US 501 million in 2010 to $US 1.9 billion in 2014.
In September 2013 the first energy related initial public offering (IPO) in the history of Trinidad and Tobago, The TTNGL (Phoenix Park) IPO went on to become the largest IPO in the history of the Trinidad and Tobago Stock Exchange, following up with an Additional Public Offering (APO) in June 2017.[2]
In 2015, Trinidad and Tobago went from candidate status with the Extractive Industries Transparency Initiative (EITI) to country compliant status.
Prior to being appointed Energy Minister, Mr. Ramnarine held positions in the Energy Chamber and at BG T&T where he worked as the Lead Economist for the East Coast Marine Area. He holds a B.Sc. degree in Chemistry, a M.Sc. degree in Petroleum Engineering and an MBA. He is also a Member of the Society of Petroleum Engineers (SPE).
Due to the rapid expansion of the oil and gas industry, then Minister Ramnarine received the award of “Energy Executive of the Year” from Petroleum Economist magazine in 2014.[3]
In 2016 he was made a distinguished affiliated scholar with the University of Texas at Austin.[4]
References
- ^ http://www.maritime-executive.com/article/bhp-billiton-names-big-three-drilling-targets
- ^ "NGC IPO officially launched | Loop News Trinidad and Tobago". Looptt.com. 2015-08-10. Retrieved 2017-02-28.
- ^ Featured (2014-09-18). "Minister of Energy and Energy Affairs awarded "Energy Executive of the Year" | Trinidad and Tobago Government News". News.gov.tt. Retrieved 2017-02-28.
- ^ Kevin Ramnarine. "KBH Energy Center | Kevin Ramnarine". Kbhenergycenter.utexas.edu. Retrieved 2017-02-28.