Minister of Venezuela & Eulogio Del Pino Meets Claudio Descalzi

Source: www.gulfoilandgas.com 12/15/2015, Location: South America

The Minister of Petroleum of Venezuela and the President of the state company Petroleos de Venezuela (PDVSA), Eulogio Del Pino, met in Caracas Eni’s CEO, Claudio Descalzi.

During the meeting, they discussed various issues, including the current challenging situation of the oil industry caused by the fall of crude oil prices and the possible future scenarios.

It was then assessed the progress status of the super-giant Perla gas field in the gulf of Venezuela (operated by Cardon IV, equally held by Eni and Repsol) put into production since last July and which is already producing 14 million cubic meters of gas per day (corresponding to approximately 90,000 barrels of oil equivalent per day).

“I congratulate with Cardon and its shareholders for the effective implementation of Perla project in such rapid times‘ said the Minister Del Pino.

In addition, perspectives of a further production growth of Perla (Phase II with more then 23 million of cube meters) were discussed together with the possibility of using part of the resources of the field shortly for export projects.

Perla gas project can be framed into Eni’s gas advocacy strategy, which, giving priority to the domestic use, it increases the access to the energy of the countries where the company operates.

Finally, it was also analyzed the opportunity of studying high potential new areas for gas production in the country, to explore and eventually to jointly fast track their development, in the event of new discoveries.

In Venezuela, Eni's current production is about 60,000 barrels of oil equivalent per day, coming from the fields of Perla (Eni 50% stake), PetroJunin (Eni 40% stake) and Corocoro (Eni 26%stake).


United States >>  8/8/2022 - Mosman Oil and Gas Limited (MSMN) the oil and gas exploration, development, and production company, announces its production for the year ended 30 Jun...
United States >>  8/4/2022 - ConocoPhillips (COP) reported second-quarter 2022 earnings of $5.1 billion, or $3.96 per share, compared with second-quarter 2021 earnings of $2.1 bil...

United States >>  8/3/2022 - Tellurian Inc. (Tellurian) (TELL) ended the second quarter with $823 million of cash on hand. During the quarter, Tellurian generated $61.3 million in...
Iraq >>  8/2/2022 - Genel Energy has announced its unaudited results for the six months ended 30 June 2022.

Paul Weir, Interim Chief Executive of Genel, said:<...


Brazil >>  8/1/2022 - Petro Rio S.A., informs its shareholders and the market in general of the start of production of the 7-FR-55H-RJS (“MUP3A”) well in the Frade Field (“...
Egypt >>  8/1/2022 - Highlights:
- Increased production guidance: Group 2022 entitlement production guidance is increased to 3,480 - 3,795 boe/d from 3,330 - 3,...


Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.