Heritage Petroleum, LLC

What Heritage Petroleum, LLC does

Heritage Petroleum, LLC (also referenced as Heritage Petroleum Company) is an oil and gas production company operating offshore and onshore facilities in Trinidad and Tobago. The company was formed in 2018 from the reorganization of state-owned Petrotrin (Petroleum Company of Trinidad and Tobago), inheriting its production assets and operations including a legacy SCADA (Supervisory Control and Data Acquisition) system used to monitor offshore facilities. The firm is privately held, employs between 101 and 250 people, and its website is heritageoil.com.

The company's technology backbone is its SCADA infrastructure, which in 2025 was upgraded using Skkynet's Cogent DataHub software rather than replaced outright. The upgrade added remote IoT-enabled sensor connectivity and MQTT protocol support across offshore production assets, with TOSL Automation and Technology Limited serving as the primary implementation partner and Incentro S.A. and Soati providing support services. Skkynet also delivered knowledge-transfer training to support ongoing maintenance. This upgrade-over-replace approach is positioned as a cost-efficient infrastructure modernization with expansion capability to onshore business units.

Heritage Petroleum operates as a B2B upstream producer, distributing output through direct offtake arrangements typical of the Trinidad and Tobago energy sector. The company's firmographic description also positions it as a provider of integrated fuel management, products, and services to businesses with petroleum needs, indicating some downstream or commercial fuel activity beyond pure upstream production. No pricing, revenue, or ownership structure is publicly disclosed.

Name

Heritage Petroleum, LLC

Legal name

Heritage Petroleum Company

Website

https://heritageoil.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

101–250 employees

Short description

Heritage Petroleum is a privately held oil and gas production company operating offshore and onshore facilities in Trinidad and Tobago, formed from Petrotrin's 2018 reorganization and serving energy-sector counterparties via direct offtake arrangements.

Ownership category

akta.pro rank

Product category

Upstream Oil and Gas Production

NAICS

Crude Petroleum Extraction (21112), Oil and Gas Extraction (211)

SIC

Crude Petroleum & Natural Gas (1311), Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

Oil & Gas Facilities Asset Management (Refining/Terminals/LNG) (EUAEAMAG)

akta.pro secondary industry

SCADA Data Historian, Reporting & Compliance Logging (EUAJAFAK)

Keywords

• Oil and gas production
• Fuel management services
• Petroleum product supply
• SCADA monitoring systems
• Offshore production operations

Headquarters

HQ city

Evansville

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D

Core offering

Heritage Petroleum provides professional integrated fuel management, petroleum products, and related services to businesses with petroleum needs. The company operates offshore and onshore oil and gas production facilities in Trinidad and Tobago, with technology infrastructure centered on a SCADA system that monitors and controls production assets, recently upgraded with Skkynet's Cogent DataHub to enable remote IoT-enabled sensors and MQTT protocol connectivity.

Product overview

Heritage Petroleum Company operates as an oil and gas production company, formed from Petrotrin's 2018 reorganization. The company's technology infrastructure centers on its SCADA (Supervisory Control and Data Acquisition) system, which monitors and controls offshore production facilities. The SCADA system integration involves connecting remote IoT-enabled sensors and utilizing MQTT protocol connectivity, as evidenced by the implementation of Skkynet's Cogent DataHub software to modernize legacy infrastructure. Heritage Petroleum does not appear to offer distinct branded software products or services in the available source data.

Differentiator

Problem solved

Functional benefit

Products and services

• Integrated Fuel Management Services

Quantifiable outcome

• Significant cost savings achieved by upgrading existing infrastructure rather than full replacement

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Four partnerships are on record, tiered core and minor.

• Skkynet (Cogent DataHub)coreTechnology or IntegrationHeritage Petroleum implemented Skkynet's Cogent DataHub software to upgrade its legacy SCADA system, enabling IoT sensor connectivity and MQTT protocol integration for offshore production facilities. Skkynet provided knowledge transfer training to support ongoing maintenance.
• TOSL Automation and Technology LimitedcoreImplementation/ SI/ Consulting PartnerTOSL Automation and Technology Limited executed the SCADA system upgrade project for Heritage Petroleum, serving as the primary implementation partner for integrating Skkynet's Cogent DataHub solution.
• Incentro S.A.minorImplementation/ SI/ Consulting PartnerCosta Rican firm Incentro S.A. provided support services during the SCADA system upgrade project.
• SoatiminorImplementation/ SI/ Consulting PartnerCosta Rican firm Soati provided support services during the SCADA system upgrade project.

Recent moves5 records

Expansion highlights3 records

Direct peers

• Trinity Exploration & Production: Independent Trinidad and Tobago-focused upstream oil and gas producer operating onshore and offshore acreage. Closely comparable to Heritage as a small/mid-cap Caribbean E&P with comparable operating geography and asset type.
• Touchstone Exploration: Trinidad and Tobago upstream oil and gas operator focused on onshore and shallow offshore production. Direct comparable to Heritage given shared geography, similar scale, and parallel focus on revitalizing legacy production acreage.
• Range Resources: AIM-listed upstream operator with material operations in Trinidad producing from mature fields. Comparable to Heritage through Caribbean production focus and a similar mid-cap E&P operating profile.

Emerging players

• Predator Oil & Gas Holdings: Smaller E&P with onshore Trinidad exploration interests. Relevant comparable on geography and asset type, though at an earlier stage than Heritage's established production base.

Broad incumbents

• EOG Resources: Large US-listed independent E&P with global operations. Broader incumbent relevant for benchmarking capital efficiency, operational practices, and digitalization of upstream assets versus a regional operator like Heritage.
• Worley: Global energy infrastructure services and engineering firm supporting upstream operators. Comparable to Heritage's relationship with implementation partners like TOSL for SCADA and production facility upgrades across oil and gas assets.
• SLB (Schlumberger): Largest global oilfield services provider with offerings across digital production management and IoT/SCADA-style asset monitoring. Adjacent incumbent to Heritage given the company's recent investment in digitized production monitoring.
• TechnipFMC: Integrated technology and services provider for the energy industry, including subsea production and digital solutions. Relevant incumbent comparable given Heritage's offshore production asset base and modernization investment thesis.

Others

• AVEVA Group: Industrial software and SCADA/data historian platform provider (owner of OSIsoft PI). Comparable as the technology vendor category that competes with Skkynet's Cogent DataHub that Heritage deployed — useful for framing the digital infrastructure landscape Heritage operates in.
• Skkynet: Industrial IoT and connectivity software provider whose Cogent DataHub Heritage deployed. Direct technology partner and relevant comparable for understanding the SCADA/IoT middleware layer Heritage now sits on top of.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Heritage Petroleum, LLC