Heritage Petroleum Company Limited is revising its methane emission target.
That’s the word from the company’s Chief Executive Officer, Erik Keskula during a panel discussion at the 2025 Trinidad and Tobago Energy Conference on Tuesday.
Investing in exploration and development was the topic for energy sector industry leaders and experts on the second day of the Energy Conference.
Chief Executive Officer of Heritage Petroleum Company Limited, Erik Keskula said the company is working hard to achieve its sustainability development goals.
“Heritage has committed to a thirty percent reduction in its methane emissions by 2030. I think you saw yesterday our first project actually delivered a twenty two percent reduction in those methane emissions. So we have adjusted our target to be by 2026 a thirty percent reduction. We’ve accelerated it.”
He noted that an advantage to having mature fields is that the infrastructure is in place to get gas and oil online quickly.
“As we work to improve recovery factors with technology and modernization, there really is an opportunity to leverage those mature fields to be the bridge to the big projects we see on the horizon. But we have to do that, as I said earlier, with partnerships with the technology leaders, with our service companies.”
Meanwhile, Executive Director of Upstream S&P Global Commodity Insights, Carlos Bellorin recommended fast tracking to regional energy companies.
“Countries must be more proactive than ever in attracting exploration capital. They must internalize the sense of urgency that is now the driving force behind competitors and look at what they are doing. They must look for that competitive advantage, that competitive edge that make them unique and the best proposition against others when companies are taking capital allocation decisions.”
The Energy conference kicked off on Monday has featured a full trade show of energy sector companies from the upstream, downstream and service sectors . The conference will end on Wednesday
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