PdVSA to develop Mariscal Sucre fields with Japanese gas partners

Nov 26, 2009 01:00 AM

Venezuela expects to complete the development of its Mariscal Sucre offshore natural gas fields, with Japanese partners, by 2014, Oil and Energy Minister Rafael Ramirez said.
The country has started drilling works with Japanese companies Mitsubishi Corp. and Mitsui & Co. and is seeking a partnership with Algerian state-run oil and gas company Sonatrach, Ramirez said.

Petroleos de Venezuela, Venezuela's state oil company, is allowing foreign partners to have a minority role in developing Mariscal Sucre, which will supply fuel for Venezuela's domestic market and potentially for liquefied natural gas exports.
PdVSA said in a June statement that it expects investment of $ 8.35 bn in the project, with $ 800 mm already spent. The state company says the fields, west of Trinidad, hold 14.7 tcf of gas.

Japanese companies will have access to up to 20 % of the Mariscal Sucre project and Venezuela will have 60 %, Japan's information ministry said on July 29.

Alexander's Commentary

Change of face - change of phase

In the period of July 20 till August 3, 2015, Alexander will be out of the office and the site will not or only irreg

read more ...
« December 2020 »
December
MoTuWeThFrSaSu
1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31

Register to announce Your Event

View All Events