Bi-national Commission Meets to Study E&P Potential

A commission comprising technicians from Paraguay's public works ministry and Venezuela's state oil company PDVSA met on Wednesday as part of the process of developing hydrocarbons E&P in Paraguay, the ministry said in a statement.

The meeting is part of the 12-month joint development established in July by the governments of the two countries.

Specifically, the commission plans to view a presentation prepared by Paraguay's hydrocarbons department regarding the results of E&P reactivation in the country since August 2003. Further, the commission will hear a presentation of the country's sedimentary basins and their hydrocarbons-bearing potential.

The group's goals through July 2007 include preparing data on the basins using existing information and the reinterpretation and reprocessing of data in Venezuela by PDVSA technicians, who will be accompanied by Paraguayan colleagues for instruction and specialization.

Estimates show areas that will be most impacted by the 12-month bi-national studies are the Curuguaty, Carandayty and Pirity basins in the Chaco region.

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