Local news reported in early January 2019 that for 2019 Trinidad and Tobagoâs Heritage Petroleum Company Limited is seeking a joint venture partner, which will help with financing and technology and assist with the production of oil. According to the companyâs Chairman Wilfred Espinet, âWe are going to, first of all, determine what is the value of our assets before we engage in this because we want to ensure when we sit down with anyone we know the value of our assets so that we get a fair deal.â. The company plans seismic program over the highly prospective fields, in order to have a better understanding of the potential, and plans to increase the oil production to 40,000 bo/d.  The Chairman plans to have a permanent staff by the end of 2019.    Trinidad and Tobago Heritage Petroleum Company Limited - was incorporated on 5 October 2018 in the business of exploration, development, production and marketing of crude oil. Heritage, Paria Fuel Trading Company as well as another company will fall under the holding company, Trinidad Petroleum Company. The new company, replaces Petrotrin.
Heritage Petroleum Company Limited is seeking a joint venture partner, which will help with financing and technology and assist with the production of oil. 