ISSUES....
Inside,
confidential, off the record
JV incompetence ?
It
seems that PDVSA's incompetence is creeping up towards the newly
created Joint Venture companies. Chevron announced last friday
that's its oil production in Venezuela is expected to fall by
90,000 barrels a day in the fourth-quarter as the result of a
new production sharing agreement with the government. Chevron
was producing around 114.000 bpd* in Boscan field and 17.000 bpd*
in the LL-652.000 bpd. Also to note, the recently appointed PDVSA's
general manager was sacket last week.
*
(averaged producction barrels per day in 2005)
ISSUES....
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