Eni and Repsol plan restoration of gas production from offshore Venezuela license
Operator Eni and 50:50 partner Repsol have signed a sustainability agreement for the Cardón IV license in the Gulf of Venezuela.
This includes Perla, claimed by Eni to be the largest offshore gas field discovered in Latin America (reportedly 17 Tcf in place). Perla was discovered 50 km offshore in the mid-1970s and further appraised by the joint venture in 2009.
The main goals of the agreement are to sustainably continue and relaunch Perla production, increasing volumes for Venezuela’s domestic needs but also creating an outlet for future exports.
Eni is also a partner to PDVSA in the PetroSucre joint venture, containing the Corocoro offshore field.
In February, media outlets reported that Venezuela plans to grant more oil exploration and production blocks to Repsol and Chevron in a move that is designed to help foreign operators rebuild the country’s energy sector.
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About the Author
Jeremy Beckman
Editor, Europe
Jeremy Beckman has been Editor Europe, Offshore since 1992. Prior to joining Offshore he was a freelance journalist for eight years, working for a variety of electronics, computing and scientific journals in the UK. He regularly writes news columns on trends and events both in the NW Europe offshore region and globally. He also writes features on developments and technology in exploration and production.