Belarus state oil company Belarusneft will work on certifying reserves on the Junin 1 block in Venezuela's Orinoco heavy crude belt and also is evaluating the possibility of operating five or six mature fields in the area, PDVSA said in the statement.
PDVSA is working with a number of foreign companies in the Orinoco Magna Reserve project seeking to certify 260Bb in retrievable oil spread over two dozen blocks in the Orinoco belt.
PDVSA and Belarusneft recently created a JV named Seismovenbel to conduct seismic exploration in Venezuela, BNamericas previously reported.
Meanwhile, plans to build 1,000km of pipeline for the domestic transport of natural gas in Venezuela are advancing and construction teams have been established for the project.
PDVSA is working with Belarusan firms Beltopgas and Belgiprogas on the pipeline project.
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