PDVSA Begins Drill Work in Bolivia at Vibora Field


Bolivia
(Click to Enlarge)

CARACAS (Dow Jones Newswires), Jan. 27, 2009

Petroleos de Venezuela SA, or PdVSA, said one of its oil rigs began operations in Bolivia, as part of an energy accord between both nations.

Drilling began in the Vibora field, roughly 170 kilometers north of Santa Cruz, with the aim of increasing production of oil and gas in the Andean country, PdVSA said in a statement.

PdVSA PDV 08, a 2,000-horse-power drill, is one of several Chinese rigs the company purchased in its attempt to rely less on U.S. equipment.

President Hugo Chavez has cemented strong ties with Bolivia's Evo Morales and has vowed to help the Bolivian president develop the country's oil and gas industry.

Copyright (c) 2008 Dow Jones & Company, Inc.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Drilling Manager
Expertise: Drilling Manager|Drilling Superintendent
Location: Dallas, TX
 
Drill Rig Operator
Expertise: Driller|Drilling Foreman / Drilling Supervisor|Production Operator
Location: Hayward, CA
 
Tool Pusher
Expertise: Field Service Tech|Toolpusher
Location: Odessa, TX
 
search for more jobs

Brent Crude Oil : $56.86/BBL 0.76%
Light Crude Oil : $50.66/BBL 0.21%
Natural Gas : $2.959/MMBtu 0.30%
Updated in last 24 hours