Enagas: Delta Caribe Licensing to Resume 2H07

Venezuela's government will resume the Delta Caribe offshore natural gas E&P licensing process during the second half of this year, a top energy and oil ministry (MEP) official told BNamericas.

"We have to do it this year because we have production [of natural gas from the offshore blocks] scheduled. If we don't, we'll fall behind," said natural gas regulator Enagas president Jorge Luis Sanchez.

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; Colombia's Hocol; Italy's ENI (NYSE: E); India's ONGC; Spain's Repsol YPF (NYSE: REP); Norway's Statoil (NYSE: STO); and Vinccler, the Venezuelan unit of Canada's PetroFalcon (TSX: PFC).

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.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Project Controls Specialist
Expertise: Project Management
Location: Minneapolis
Business Development Manager
Expertise: Business Development|Construction Manager|Sales
Location: West Sacramento, CA
Business Development Manager
Expertise: Business Development|Construction Manager|Sales
Location: Denver, CO
search for more jobs

Brent Crude Oil : $50.79/BBL 1.30%
Light Crude Oil : $49.96/BBL 1.10%
Natural Gas : $2.77/MMBtu 2.12%
Updated in last 24 hours