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PDVSA to renew offshore bidding for Delta Caribe blocks
Petroleumworld
CARACAS
Petroleumworld.com 04 27 07Venezuela's PDVSA ceo Rafael Ramírez told reporters on Tuesday that PDVSA will open the Delta Caribe offshore bidding before year-end after it finish its nationalization program.
" We will resume that process [Delta Caribe] once we have completed this ( take over the Orinoco's strategic associations) ," Ramírez said "Delta Caribe "could be" revived before year-end, he added.
Venezuela's government aims to finish nationalization by May 1.
Delta Caribe, offshore bidding was originally schedule to be awarded last november includes three blocks near La Blanquilla island and a fourth block between the Orinoco river delta and Trinidad & Tobago.Oil ministry invited 34 companies to the auction, of which 13 paid for rights to participate, but the process was delayed due to December 2006 presidential elections.
The oil companies that are participating are the following: Anglo-Dutch Shell ; Brazil's Petrobras ; Japan's Teikoku and Mitsubishi; France's Total ; US major Chevron ; Russia's Lukoil; Hocol; Italy's ENI ; India's ONGC; Spain's Repsol YPF ; Norway's Statoil ; and Vinccler, the Venezuelan unit of Canada's PetroFalcon.
Petroleumworld 26 04 07
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