Venezuela to explore marine basins for gas, lighter crudes

Click here to enlarge imagePetroleos de Venezuela (PDVSA) will reactivate a program to explore its offshore basins.The company's offshore work in the 1980s led to large gas discoveries in the Margarita basin north of the Paria Peninsula.First up in the new program, starting in third quarter 2001, is exploratory drilling on the Delta platform off the Orinoco River Delta and near the marine border with Trinidad. Several large discoveries have been made in Trinidad waters.PDVSA will also run geophysical surveys north of La Tortuga and Margarita islands, the company's exploration unit said.Other marine areas of interest to PDVSA are northeast of Falcon State and north of Barcelona, ...

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