Chevron to Start Cardon III Seismic Work in January

US oil major Chevron (NYSE: CVX) will start a 3D data collection program in January at the Cardon III hydrocarbons block offshore Venezuela's Falcon state, a company official told BNamericas.

"We are going to shoot seismic for the block and the planning for it is going very well," Chevron Latin America Upstream president Ali Moshiri said.

The program start will depend on equipment availability, he added.

Chevron, which bid US$5.6mn for Cardon III, was formally awarded the block in October 2005 at a ceremony attended by Venezuela's President Hugo Chávez and Moshiri.

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