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Petrotrin pays consultants $63m

Published: 
Thursday, June 7, 2018

State-owned Petrotrin has paid $63.6 million to consultants for services from July 2017 to date.

The information was given by the Energy Ministry in Parliament via written reply to questions from United National Congress MP Suruj Rambachan. He’d asked the names of all individuals/companies retained by Petrotrin as consultants from July 2017 and total amounts paid to them.

The ministry’s reply stated that the total cost of the services from July 2017 to date was $63,610,158. 23.

The highest amount - $28 million - was paid last November to McKinsey and Company Inc (a US company) for a strategic review and transition. The lowest figure - $100,000 - was paid to HRC associates for executive recruitment. Petrotrin also paid Swiss executive recruitment experts Egon Zehnder $3.7m for services.

RECIPIENTS

W. Paul Charles - $120,600 (communications)
Caribbean Corporate Clinic Ltd - $573,750 (legal/management consultants)
Kroll Consulting - $1.3m (consulting services)
Egon Zehnder - $ 3.7m (executive recruitment)
Gafney Kline and Associates - $1.4m (consultancy oil production)
HRC associates - $100,000 (executive recruitment)
HSB Solomon Associates - $7,430, 855.54 (company optimisation)
McKinsey and Company Inc - $28, 057, 147.50 (strategic review and transition)
SAP Puerto Rico GBMH LLC - $4,389, 545.23 (Success factors and software installation)
SGS Trinidad Ltd - $370,04.39 (consultancy services)
Bacon Woodrow and de Souza - $397,320 (actuarial services)
Medical Diagnostic Technologies and Supplies Ltd - $2,031, 168 (radiology services)
DeGolyer and McNaughton Corp Ltd - $12,669, 570 (crude and gas resource evaluations)
Energy Solutions Group Ltd - $230,969 (engineering services for south west Soldado)
iSIMS Trinidad Ltd-System - $212,246 (designs for well modification and repairs)
Environmental Sciences Ltd- $455,600 (forensic fingerprinting and interpretation of chromatograms)

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