Venezuela Jusepin reserves at least 100 mmb

Nov 22, 1996 01:00 AM

Light crude oil reserves at Amoco's Jusepin field in north-eastern Venezuela are estimated to be at least 100 mm barrels. Amoco has been operating the field with France's Total since 1995 and earlier this year the companies reported two successful finds at the field. A third exploratory well is currently being drilled. Amoco, which recently purchased exploration and production rights for two other areas in Venezuela, has still not booked any reserves for the country. Amoco will invest between $ 90 - 100 mm in exploration in Venezuela this year.

Source: not available
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