Area Drilling

VenezuelaRepsol YPF, Madrid, started gas and condensate production at Quiriquire field in Monagas State.Gas flow began at 2.1 million cu m/day and is to reach 7.6 million cu m/day with full development next year.Quiriquire reserves are 145 million boe. The first development phase for gas and condensate consisted of the repair and upgrading of existing wells, the revamping of the separation and compression plant, and construction of a 26 km gas pipeline to the Petroleos de Venezuela facilities in Orocual.Repsol operates Quiriquire, Quia- mare-La Ceiba, Mene Grande, and Western Guarico fields, with a current production of 37,000 b/d of oil. Quiriquire makes 13,000 b/d of oil.

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