PDVSA, Iranian Firm Create Offshore JV

Venezuela's state oil company PDVSA reported that its subsidiary CVP and Iranian firm Irani Sadra America Latina have created an offshore E&P joint venture to be known as Venezirian Oil Company.

"[Our] Iranian partners have vast experience in offshore oil development and this alliance will provide our country with high technological know-how," CVP president Eulogio Del Pino said in a PDVSA statement.

Venezirian will be headquartered in Caracas and will speed up the installation and operational startup of new gas developments, the majority of which are offshore, the statement said. It added that the JV will build semi-submersible and self-raising platform components, which will be assembled in Venezuela.

In related news, PDVSA's sea transport unit PDV Marina signed a contract with Sadra (Iran Marine Industrial Company) to purchase four 105,000-t crude oil tankers.

Visit BNamericas to access our real-time news reports, 10-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.

For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit www.riglogix.com.

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Sr. Contracts Negotiator
Expertise: Contracts Administration|Contracts Engineer|Legal
Location: Houston, TX
Shop Mechanic
Expertise: Mechanic
Location: Odessa, TX
QA/QC Engineer
Expertise: Mechanical Engineering|QA / QC / Inspection
Location: Houston, TX
search for more jobs

Brent Crude Oil : $48.6/BBL 1.12%
Light Crude Oil : $46.34/BBL 1.24%
Natural Gas : $2.9/MMBtu 2.35%
Updated in last 24 hours