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.

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
Contracts Advisor
Expertise: Budget / Cost Control|Contracts Engineer|Supply Chain Management
Location: San Ramon, CA
Contracts Specialist, USA
Expertise: Contracts Administration|Contracts Engineer
Location: United States
United States Houston: Procurement Contracts Specialist
Expertise: Contracts Engineer
Location: Houston, TX
search for more jobs

Brent Crude Oil : $51.38/BBL 2.44%
Light Crude Oil : $50.43/BBL 2.26%
Natural Gas : $3.14/MMBtu 0.94%
Updated in last 24 hours