Chevron: 3D Seismic Shot on Cardon 3, Drilling Next

US oil major Chevron (NYSE: CVX) has finished shooting 530 sq km of 3D seismic data on the Cardon 3 offshore block in western Venezuela.

Chevron is working with Canadian oil and gas independent PetroFalcon (TSX: PFC) and soon will start a drilling program on Cardon 3, Chevron E&P Latin America head Ali Moshiri told BNamericas.

"Now we are going through the interpretation phase to see if we can find a good prospect and after that we go ahead and begin development," he said.

Operators will drill one well as part of the development phase this year, Moshiri said.

Chevron holds a 70% interest in Cardon 3 and PetroFalcon the balance.

Chevron won Cardon 3 in 2005 as part of the Rafael Urdaneta project with a US$5.6mn bid.

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.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Deepwater Roustabout
Expertise: Roustabout
Location: Houma, LA
 
Experienced Floorhand
Expertise: Floorhand / Roughneck
Location: Dickinson, ND
 
Drill Rig Operator
Expertise: Directional Driller|Driller|Drilling Foreman / Drilling Supervisor
Location: Sand Springs, OK
 
search for more jobs

Brent Crude Oil : $50.97/BBL 1.53%
Light Crude Oil : $48.75/BBL 1.79%
Natural Gas : $2.92/MMBtu 0.68%
Updated in last 24 hours