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.
Most Popular Articles
From the Career Center
Jobs that may interest you