Shell creates Caribbean unit

Aug 19, 2015 12:00 AM

Royal Dutch Shell PLC has reported it has created an English and Dutch Caribbean region to be headquartered in Trinidad and Tobago. Shell has said the move is an effort to enhance the focus and coordination of Shell’s business in the area.

The region will be led by Luis Prado, who will add accountability for the Caribbean to his concurrent responsibilities as Shell Country Chairman for Venezuela and Trinidad and Tobago.

A Venezuelan national, Luis Prado brings more than 36 years of experience in exploration and production to this role. Prado has served as president of the Venezuelan Association of Hydrocarbons and is currently an alternate director of Atlantic LNG (ALNG). Shell is a partner in ALNG and if its acquisition of BG Group gets regulatory approval, it will be the largest single shareholder in ALNG, surpassing BP in the process.

Shell’s proposed acquisition of the BG also will make it Trinidad and Tobago’s second-largest natural gas producer and will hold interest in the country’s prospective deepwater acreage.

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