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Petrobras and PDVSA sign agreements extensions
Petroleumworld
RIO DE JANEIRO
Petroleumworld.com 12 08 06
The presidents of Petrobras, Jose Sergio Gabrielli de Azevedo, and PDVSA, Rafael Ramirez, held a work meeting today (12/07), at the Pala¡cio do Planalto, in Brasilia.
Four agreements were signed between the two companies during the event.Letter of Intent to mobilize good and service vendors, in Brazil and
VenezuelaNew agreement aimed at encouraging competitiveness among Brazilian and
Venezuelan vendors for the projects developed jointly by Petrobras and
PDVSA, in both countries. The agreement foresees wide-ranging and equal
treatment of issues relative to national good and service content, both
Brazilian and Venezuelan, in all agreements signed by the two companies.Memorandum of Understanding to develop a Joint Project at the Orinoco
Range, and the Abreu e Lima refinery, in Pernambuco.Renewal, for another year, of the joint memorandum of understanding for
the extra-heavy oil exploration projects in the Carabobo-1 block, in the
Orinoco Range region, in Venezuela, and the Abreu e Lima Refinery project,
to be built in the State of Pernambuco.Additive to the Agreement to study the joint development of the Mariscal Sucre Project, involving Petrobras and PDVSA
Extension of the pre-agreement for the joint development of the Mariscal
Sucre project, composed of four gas fields located in the Paria Gulf,
Venezuela. The Agreement will be renewed through March 2007 to give the
companies the chance to wrap the projects negotiations up.Additive to the Letter of Intent to Identify Hydrocarbon Business
Opportunities in Block 5 of the Deltana Platform ProjectRenewal of the letter of intent for the exploratory activities at Block 5,
located in the Deltana Platform region, in Venezuela, through March 2007.
The goal of the renewal is to allow additional information to be acquired
to assist the two companies in their decision-making process.
Petroleumworld 07 12 06
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