Venezuela To Re-Tender 5 Natural Gas Blocks

The Venezuelan Ministry of Energy will offer 5 natural gas areas again. The areas are Norte de Ambrosio, at Zulia; El Pao and La Galera, at Cojedes; Memo and El Totumo, at Guarico. Norte de Ambrosio, which spread over 520 square kilometers, and have good prospects due to previous seismic surveys. The reserves are estimated to be between 2 billion and 6 billion cubic feet of natural gas. These areas were left from a tender held in mid-2001.