World
  |
|
PDVSA says higher production and reserve volumes in JV with Belarusneft
Prensa Latina
CARACAS
Petroleumworld.com 07 16 07
State-run Petroleos de Venezuela (PDVSA) has announced that it will achieve higher production and reserve volumes with joint drilling in several fields together with Belarus company Belarusneft.PDVSA leadership confirmed in a press release it is currently evaluating the possibility of operating five or six mature fields with modern technologies which will allow to improve productivity in existing deposits.
The company reported that profits and revenues obtained will go to fund social projects included in the Plan Siembra Petrolera
The beginning of joint operations by PDVSA and Belarusneft are part of a bilateral agenda discussed recently by president Hugo Chavez with his Belarus peer, Alexander Lukashenko, during the former's visit to the European nation.Delegations of both nations, meeting in this capital, are putting the finishing touches to several cooperation projects in strategic fields of common interest.
The main topics in the energy, petrochemical and oil sector are the quantification and certification of reserves in block Junin 1 of the Orinoco Oil Belt, exploration and production of mature fields as well as seismic projects.
PL 13 07 07
Copyright© 2007 PL. All Rights Reserved.
Your
feedback is important to us!
We invite all our readers to share with us
their views and comments about this article.
Write to editor@petroleumworld.com
Any
question or suggestions, please write to:
editor@petroleumworld.com
Best
Viewed with IE
5.01+
Windows
NT 4.0, '95, '98 and ME +/ 800x600 pixels