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Canada's SNC-Lavalin to study a 800,000 barrels a day heavy oil upgrading refinery for Venezuela PDVSA
Petroleumworld
CARACAS
Petroleumworld.com 04 27 06
Alejandro Granado, the head of refining at venezuela's oil company PDVSA,said Tuesday that Canada's SNC-Lavalin Group will conduct conceptual studies for a 800,000 barrels a day of heavy crude up grader refinery, Granado said.PDVSA aims to build a heavy oil upgrading refinery in the country's extra heavy oil Orinoco Faja River basin to covert the 7-8 API grade oil into lighter, more marketable at the new refinery Granado, said to reporters at an oil and gas conference in Caracas.
SNC-Lavalin spokeswoman Gillian MacCormack said a contract had not yet been signed, but that the company has been discussing various projects with PDVSA, AP reported.
The plan is part of the 2005 - 2012 PDVSA development plan to boost its refining capacity to exploit the potential of its Orinoco Faja belt basin.
The Faja Basin holds at least 235 billions barrels of extra-heavy oil, which are now been certified by PDVSA.
At present, ExxonMobil, Chevron, ConocoPhillips, and Total are operating four upgrading projects that jointly produce about 600,000 barrels a day of synthetic crude. Norway's and BP also have minority stake in some of the projects.
Petroleumworld 04 27 06
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