Assembly Receives PDVSA JV Contracts for Final Vote

The energy and mines committee of Venezuela's national assembly sent on Tuesday the definitive contracts between state oil firm PDVSA and 12 foreign and domestic oil companies for the operation of 17 oilfields to be voted on the assembly floor in a full session, Caracas daily El Universal reported.

The assembly is scheduled to meet on Thursday. The contracts cover joint ventures between PDVSA (where the state firm is to have at least 60%) and British Petroleum for the DZO and Boqueron fields, Chevron (Boscan and LL-652), Argentina's Compania General de Combustibles, China's CNPC, US independent firm Harvest Vinccler, French-British firm Hocol, local companies Inemaka and Open, France's Perenco, Brazil's federal energy company Petrobras (Mata, Acema, Oritupano and La Concepcion), Spain's Repsol YPF and Anglo-Dutch major Royal Dutch Shell.

The remaining contracts - eight according to the article, but nine as far as BNamericas has been able to establish - are to be the subject of further discussion inside the committee, the article said.

If "irregularities" are found, the said contracts will be sent back to the energy and oil ministry with observations so they can be corrected, committee president Angel Rodriguez was quoted as saying.

Committee approval is mandatory for the contracts to be voted on.

Visit BNamericas to access our real-time news reports, 7-year archive, Fact File company database, and latest research reports. Click here for a Free two week trial to our Latin America Oil & Gas information service.

Related Companies
 Company: BP plcmore info


 - Canada Rules Out Arctic Oil Drilling Extensions for ExxonMobil, BP (Jan 6)
 - Samsung Wins Mad Dog 2 Fabrication Contract (Jan 5)
 - Egypt Signs $220M Of Oil And Gas Deals (Dec 28)
 Company: Petrobrasmore info


 - Brazil's Petrobras Breaks Drought In LatAm Market (Jan 9)
 - Brazil's Petrobras, Joint Venture Hand Back Piracuca Oil Concession (Jan 3)
 - Brazil's Petrobras Finalizes Sale of Nansei Sekiyu for $165M (Dec 29)
 Company: Shellmore info


 - Southern North Sea Special Interest Group Launched (Nov 21)
 - Report: Growing Confidence in North Sea Oil, Gas Industry (Nov 14)
 - Kazakhstan's Kashagan Produces 201,000 Tons Of Oil In October (Nov 14)
 Company: Chevron Corporationmore info
 - Argentina Clinches Deal to Attract Investment in Vaca Muerta Shale (Jan 11)
 - Oil, Gas Conflicts throughout Africa in 2016 (Jan 4)
 - SOCAR, AIOC Agree to Develop ACG Field (Dec 23)
 Company: PDVSAmore info


 - Venezuela PDVSA Says In Grace Period For 2035 Bond (Nov 22)
 - Venezuela's PDVSA Reaches $1.45B In Finance Deals With Oil Firms (Nov 4)
 - US Said to Be Closing In on PDVSA-Linked Seizures, Charges (Oct 25)
 Company: Repsol more info
 - Poll: US, Foreign Oil Companies to Prosper in Trump's USA (Nov 10)
 - European Industry Says Trump Must Define Energy Policy (Nov 9)
 - Repsol Raises Cost-Savings Target, Cuts Investments (Nov 3)
 Company: Perencomore info


 - Reports: Offshore Gas Worker Dies in North Sea Incident (Dec 7)
 - BP: Potential Gas Play Could Open Up New Phase of North Sea Development (Dec 6)
 - Golar, Perenco Reach Agreement on Commercial Terms of Cameroon FLNG Project (Jul 1)
 Company: CNPCmore info
 - China's CNPC Forecasts Record Oil Demand, Warns On Product Glut (Jan 12)
 - Total, Shell, Eni Eligible to Bid for New Iran Oil, Gas Projects (Jan 3)
 - China's CNPC To Relocate HQ Staff, Not Layoff (Dec 16)
 Company: Inemakamore info
 - CVP, Inemaka, Inversiones Polar Ink E&P JV (Oct 4)
 - Assembly Receives PDVSA JV Contracts for Final Vote (May 4)
 Company: Openmore info
 - CVP Inks JV with Locals CIP, Open (Aug 21)
 - Assembly Receives PDVSA JV Contracts for Final Vote (May 4)
 - Venezuela's Tax Authority: Only Eni, Open Have Paid Nothing (Apr 12)
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Business Development Director - Midstream Services
Expertise: Business Development|Operations Management
Location: Houston, TX
 
Senior Compliance Specialist
Expertise: Regulatory Compliance
Location: Kennesaw, GA
 
United States Houston: Senior Product Champion
Expertise: Business Development|Marketing|Sales
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $55.45/BBL 0.99%
Light Crude Oil : $52.37/BBL 1.20%
Natural Gas : $3.42/MMBtu 0.88%
Updated in last 24 hours