PDVSA Gas Takes Over 22 Gas Fields

PDVSA Gas, the natural gas subsidiary of Venezuela's state oil company PDVSA, has been handed control of 22 natural gas fields between Guarico and Anzoategui states, according to a PDVSA statement.

The fields, which currently produce 420,000m3/d, were formerly controlled by PDVSA's San Tome E&P branch.

Venezuela's oil and energy ministry decided to transfer control of the fields to meet natural gas production goals outlined in PDVSA's 2005 Siembra Petrolera (Oil Harvest) plan.

PDVSA Gas needs to produce 9.9Mm3/d by 2012 in order to meet the national production goal of 140Mm3/d, PDVSA Gas production manager Alcides Fermin said in the statement.

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