Gazprom
incorporated two companies in Venezuela
AK&Ì News Service
MOSCOW
Petroleumworld.com 02 15 06
The Russian
natural gas monopoly Gazprom incorporated two companies UrdanetaGazprom-1
S.A. and UrdanetaGazprom-2 S.A. to explore and develop natural
gas at the blocks Urumaco 1 and Urumaco 2 within the framework
of Rafael Urdaneta project. The establishment of these companies
was stipulated by tender's terms.
Gazprom was
declared a winner of phase "A" tender of Rafael Urdaneta
project and obtained appropriate lisences for exploration and
development of natural gas at the blocks Urumaco 1 and Urumaco
2 in August 2005. The probable natural gas reserves of these blocks
amount to about 100 billion cubic meters.
Petroleos
de Venezuela S.A. (PdVSA), the state-owned oil and gas company,
has a sole right to produce natural gas in Venezuela. At the same
time a limited number of joint ventures founded by PdVSA with
foreign companies is admitted to produce gas in Venezuela.
AK&Ì News Service 02/14/06
Copyright
© 2006 AK&Ì. All rights reserved
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