Bolivia

Venezuela

Trinidad
&
Caribbean








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ISSUES....
 Inside, confidential, off the record




TT & Venezuela deal ready


Venezuela is waiting for Trinidad to sign the oil & gas exploitation cross border agreement, a PDVSA top executive told Petroleumworld this week. The executive said that Venezuela is just waiting to get the deal done. All the technical studies are now finalize and every detail of hydrocarbons reserves on both sides have been calculated and study very carefully. So, it seems thatTrinidad is just arranging the formalities for the signature. The estimations are that Loran/Manatee has over five tcf with the distribution being 73 per cent on the Venezuela side and 27 per cent on the Trinidad side and for the Kapok/Dorado field 3.5 of the five tcf of gas is estimated with 70 per cent on the T&T side. Due to the particularity of the reserves, venezuela is proposing for each country to develop one field and compensate later.Not a bad idea, it can save a whole operation with platform and al..

Petroleumworld 11 10 06

ISSUES....

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