Petrobras to Explore for Gas in San Carlos Block

Brazil's federal energy company Petrobras (NYSE: PBR) will explore the San Carlos natural gas block in western Venezuela's Cojedes state, Venezuela's state news agency ABN reported.

Exploration could begin by year-end, ABN quoted Venezuela's gas regulator Enagas president Jorge Luis Sanchez as saying. The Brazilian company has already started to collect and analyze seismic data from San Carlos.

Petrobras secured the rights to San Carlos from "an Argentine company," according to the report.

In June, Argentine oil company Pluspetrol, which is exploring two blocks in Cojedes, said it was going to develop San Carlos, but an Enagas map published earlier this year said Petrobras would develop the property.

Neither Sanchez nor Petrobras representatives were available for comment.

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.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Equipment Operator - San Antonio
Expertise: Coil Tubing|Driller|Production Operator
Location: San Antonio, TX
 
Frac Supervisor - TX, ND, WY & OK
Expertise: WellSite Supervisor
Location: El Reno, 
 
United States Bossier City: Service Supervisor I - Frac/Acid
Expertise: Field Service Tech|WellSite Supervisor
Location: Bossier City, LA
 
search for more jobs

Brent Crude Oil : $51.46/BBL 4.63%
Light Crude Oil : $48.9/BBL 4.78%
Natural Gas : $3.18/MMBtu 0.90%
Updated in last 24 hours