PDVSA, Rosneft eye joint offshore work

Petroleos de Venezuela SA (PDVSA) and Rosneft have signed an agreement to cooperate in exploration and development offshore Venezuela.

PDVSA said the agreement envisions joint ventures for production of nonassociated natural gas and gas condensate off the eastern part of the country.

Rosneft said the companies will study joint projects in Rio Caribe and Mejillones fields (the second stage of the Mariscal Sucre Project, and exploration in the Venzuelan part of the Caribbean basin and in the Gulf of Venezuela as well as near the Atlantic Coast.

The agreement also covers joint studies of LNG exports and gas sales in Venezuela.

Among other agreements signed during a visit by Venezuelan officials to Moscow was one between GazpromBank and PDVSA for $1 billion of financing to their joint venture Petrozamora for a business plan for development of Lagunillas Tierra and Bachaquero Tierra fields. Pdvsa said Petrozamora recently reported average production of 65,100 b/d of oil.

Related Articles

Tethys reports second successful gas well in Kazakhstan

03/20/2014 Tethys Petroleum Ltd. reported the success of the second shallow gas exploration well of its 2014 program on the Akkulka block in the Caspian regio...

BOEM: Firms bid $850 million in high bids in central gulf lease sale

03/19/2014 The US Bureau of Ocean Energy Management reported that its central Gulf of Mexico Lease Sale 231 received 380 bids from 50 companies on 326 blocks,...

CNOOC makes gas discovery in Qiongdongnan basin

03/19/2014

CNOOC Ltd. has made a natural gas discovery in the east Lingshui Sag of the deepwater area in the South China Sea’s Qiongdongnan basin.

Cairn, FAR to drill exploration wells offshore Senegal

03/19/2014

FAR Ltd., Perth, will participate in the drilling of two deepwater exploration wells offshore Senegal next month.

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected