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Statoil to continue perforation on Venezuela's Deltana's with Total as a partner
By Elio Ohep
Petroleumworld
Stavanger, Norway
Petroleumworld.com 04 10 06Statoil will continue with the development of natural gas block 4 of the Plataforma Deltana, sometime this year.
Deltana will continue "during the second or third quarter of this year, Helge Lund Statoil CEO told pretroleumworld last week."
Venezuela's energy ministry has approved a request from Statoil to partner with Total in the development of natural gas block 4 of the Plataforma Deltana.
According to a news story from OGJ, Statoil has got approval from Venezuela's energy ministry to request from Statoil to partner with Total in the development of Deltana's block 4.
The requested was formulated to the ministry since in 2004. Statoil will have 51% in the venture and Total the remaining 49%.
Statoil interrupted its drilling program in block 4 last year, due to unsafe conditions of the rigg.
Statoil and Total are already partners in Sincor, a 200.000 b/d producer of synthetic crude from extra-heavy crude in Venezuela's Orinoco belt, Venezuela's oil company PDVSA has a 38% interest in Sincor, Total 47% and Statoil the remaining 15%.
Deltana blocks 2 and 3 are being explored by Chevron, reporting earlier this year findings of some 7 tcf in the two blocks, Chevron hold the exploration license to Block 6d in the Manatee are of Trinidad on the other side of the reservoir and have also reported oil findings.A bilateral committee between the two countries was set up in 2003 and began talks to negotiate a deal for the development of natural gas fields shared by the two countries in the
Caribbean.Venezuela holds natural gas reserves estimated at least 150 trillion cubic feet
(tcf), while Trinidad’s gas reserves in 2005 were 19 tcf.
Petroleumworld 04 10 06Copyright © 2006 Petroleumworld. All Rights Reserved.
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