Venezuela to Resume Offshore E&P Gas Licensing



Venezuela's government will resume the Delta Caribe offshore natural gas E&P licensing process this year, awarding some blocks in 2007, PDVSA Gas president Felix Rodriguez told BNamericas.

"[Delta Caribe] is part of the state's strategic policy and is being handled by the energy and oil ministry. There are some blocks going out and some are on the backburner," Rodriguez said.

Delta Caribe, originally due to be awarded November 28, includes three blocks near La Blanquilla Island and a fourth between the Orinoco river delta and Trinidad & Tobago.

The government delayed bidding in light of the December 2006 presidential elections.

The government invited 34 companies to participate in the auction, of which 13 paid for rights to take part.

The 13 are: Anglo-Dutch Shell (NYSE: RDS-B); Brazil's Petrobras (NYSE: PBR); Japan's Teikoku and Mitsubishi; France's Total (NYSE: TOT); US major Chevron (NYSE: CVX); Russia's Lukoil; Hocol; Italy's ENI (NYSE: E); India's ONGC; Spain's Repsol YPF (NYSE: REP); Norway's Statoil (NYSE: STA); and Vinccler, the Venezuelan unit of Canada's PetroFalcon (TSX: PFC).

PDVSA Gas is a subsidiary of Venezuela's state oil company PDVSA.

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.

RELATED COMPANIES
Company: Lukoil more info
 - Transneft: Oil Supplies to Lukoil's Norsi Refinery Suspended Due to Fire (Oct 05)
 - Russia's Lukoil Eyes Decade Of Oil Output Growth (Sep 20)
 - Lukoil Finds Oil at Iraq Well (Feb 22)
Company: Petrobras more info
Operates 35 Offshore Rigs
Manages 12 Offshore Rigs
 - Brazil Regulator Allows Petrobras To Source Libra Rig Hull From Abroad (Oct 04)
 - Exxon's Big Bet on Brazil Oil Could Signal Major Pre-salt Role (Sep 29)
 - Exxon Mobil Bets on Brazil, Buys 10 Oil Blocks in Auction (Sep 28)
Company: Shell more info
Operates 27 Offshore Rigs
 - API Panel Member: Voluntary Methane Program Forthcoming (Oct 06)
 - Eni Bets Big on Zohr Explorer Finding New Treasure (Oct 06)
 - Shell, Varo End Talks on Germany Refinery Stake Sale (Oct 06)
Company: Statoil more info
Operates 1 Offshore Rigs
 - Statoil Takes First Bite Of Solar Market With Brazilian Joint Venture (Oct 04)
 - Statoil Charters Last of Largest Oil Tankers to Hold Crude for Asia Buyers (Sep 28)
 - Statoil And Partners Plan Output Capacity Expansion At Troll Gas Field (Sep 26)
Company: Total S.A. more info
 - Total CEO: US Shale Oil Industry To See Wave Of Investment (Oct 18)
 - Total's CEO Says Will Try To Move Ahead With Iran Gas Project (Oct 17)
 - Total Expands Presence in Mexico (Oct 12)
Company: Chevron Corporation more info
 - Canada's Keyera Signs Pact With Chevron To Transport, Store NGL (Oct 10)
 - Chevron Starts LNG Output at Australia's Wheatstone (Oct 09)
 - Petrofac Extends North Sea Contract with Chevron (Oct 05)
Company: ONGC more info
Operates 36 Offshore Rigs
Manages 8 Offshore Rigs
 - Sources: India ONGC Strikes 'Good' Offshore Oil, Gas Find (Sep 20)
 - India To Acquire Seismic Data Of 48,000 Line kms To Boost Oil, Gas Output (Sep 12)
 - Biggest Indian Explorer Is Said to Plan First Ever Borrowings (Aug 10)
Company: PDVSA more info
Operates 15 Offshore Rigs
Manages 26 Offshore Rigs
 - Venezuela Confirms Discussing Citgo Collateral Swap With Rosneft (Oct 04)
 - Venezuelans Face Growing Queues To Buy Gasoline (Sep 21)
 - Venezuela's Crude Supply To The United States Was Flat In August (Sep 13)
Company: ENI more info
Operates 12 Offshore Rigs
 - Eni Looks To Strengthen Ties With Rosneft, Maybe In LNG (Oct 19)
 - Eni Bets Big on Zohr Explorer Finding New Treasure (Oct 06)
 - Eni Inks Cooperation Deal With China's CNPC (Sep 13)
Company: Repsol more info
 - Exxon Mobil Bets on Brazil, Buys 10 Oil Blocks in Auction (Sep 28)
 - Repsol Says Drilling Suspended On Vietnam Oil Block Disputed By China (Aug 02)
 - China Urges Halt To Oil Drilling In Disputed South China Sea (Jul 25)
Company: Mitsubishi more info
 - Mitsubishi Heavy Bets on New US Turbomachinery Demand (Feb 17)
 - Shell-Led Group Delays Decision On Canada Gas Export Plan (Jul 12)
 - Japanese Banks Expand To Ranks of World's Biggest Energy Lenders (Jun 09)
Company: Hocol more info
 - Hocol, Total Find Gas Condensate Field Onshore Colombia (Jun 03)
 - Maurel & Prom Inks Final Agreement for Sale of Hocol Colombia (May 28)
 - Talisman Confirms Gas Condensate Discovery Onshore Colombia (May 20)
Company: Vinccler Oil and Gas more info
 - ANH Pre-qualifies Companies for Ronda Caribe (Aug 28)
 - PetroCumarebo Eyes 2,500b/d, 566,000m3/d by Year-End (May 24)
 - Vinccler in Talks to Secure La Vela License (May 24)
Company: PetroFalcon more info
 - PetroFalcon Denied Approval for Anadarko Venezuela Acquisition (Oct 09)
 - PetroFalcon Gets Closer to Lundin Purchase (Oct 18)
 - PetroFalcon Begins Natural Gas Deliveries from La Vela (Aug 29)
Company: Teikoku Oil more info
 - Petrobras: $535 Million In Ecuador Investments On Hold (Apr 08)
 - Teikoku Acquires 35% Stake in Block 31 Offshore Suriname (Aug 29)
 - Venezuela to Resume Offshore E&P Gas Licensing (Jan 25)
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.