Does T&T need a target RP ratio ?
The reserve to production ratio (RP) has generated much discussion since the findings of the 2007 Ryder Scott report were made public in August 2007. At next week’s T&T Petroleum Conference (TTPC 2008), the reserve to production ratio will be the focus of attention of a high level panel of experts who will address the question: does T&T need a target reserve to production ratio and, if so, what should it be? The panel includes Trevor Boopsingh, Herman Acuna and Bill Cline; moderated by Rodney Jagai of the University of T&T (UTT). Trevor Boopsingh is well known to the T&T energy sector. He is a former permanent secretary in the Ministry of Energy and a former chairman of Petrotrin. He was also the chairman of the Vision 2020 Sub-Committee on Energy. Herman Acuna is the senior international VP at Ryder Scott Company. Acuna has been the coordinating manager for the gas reserves and resources certifications conducted by Ryder Scott Company on behalf of the Ministry of Energy since 2000. Gi
