Trinidad & Tobago Energy Conference 2019
Claire Fitzpatrick, Regional President, BP Trinidad and Tobago
Claire Fitzpatrick, Regional President, BP Trinidad and Tobago (TBTT) addressed participants at the opening day of the Trinidad and Tobago Energy Conference 2019. She noted that there are major transformations taking place in energy markets across the world. These transformations are being driven by the “dual challenge”, that is; the world will continue to need more energy but from lower carbon sources. Technology is driving a lot of this change and as the global industry evolves, so must our local energy industry.
Fitzpatrick explored the critical role technology plays in disovering and recovering more energy resources safely and efficiently as well as the skillsets the workforce will need in the changing energy environment. Additionally, she explained that as technology continues to disrupt the status quo, industry and government must be courageous and adopt a more collaborative approach to improve the competitive landscape.
“We need to work together, challenge the status quo to bring new solutions to the table,” Fitzpatrick said.
In 2018 BPTT announced an area development plan which includes the possibility for $8B investment dollars and 9 projects over the next 10 years. Fitzpatrick explained that if BPTT is to deliver the projects, technological innovation, deeper collaboration and the courage to move beyond the status quo of traditional ways of doing business will be required to make the plan a reality.
She also weaved the collaboration theme into how BPTT could work with the supply chain. By providing examples of partnerships in other areas of the world and suggested with the right frameworks similar partnerships could work in Trinidad.
“Across BP, we are successfully partnering with our supplier to solve problems together because we recognize the answers cannot be found in one sector of the industry, or indeed just our industry, and that we go further when we go together.”