Petrocumarebo Leak Under Control

Venezuela's state oil firm PDVSA has announced a gas leak at LV-13, a well in La Vela de Coro, Falcon state, being drilled by joint venture Petrocumarebo, has been brought under control.

The leak was reported January 24 and brought under control Friday morning, PDVSA said in a statement. No injuries or significant material losses were reported.

PDVSA holds 60% of Petrocumarebo, while Canadian independent gas and oil company PetroFalcon Corporation (TSX: PFC) has the remaining 40% through its wholly owned Venezuelan subsidiary Vinccler Oil and Gas.

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