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Pacific Coast Energy Starts Work to Revive Venezuela Oil Fields

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Los Angeles, Oct 7 (EFE).- The Pacific Coast Energy Company (PCEC) announced on Wednesday a series of strategic agreements with Petróleos de Venezuela, S.A. (PDVSA) for the reactivation and development of oil fields of the Delta and Cabimas blocks, for about 3.5 billion total investment. The energy company, based in California, explained [...] The entry Californian oil company PCEC will invest 3.5 billion to reactivate wells in Venezuela was fir…

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A California firm joins PDVSA to reactivate deposits in Venezuela, investing 3.5 billion.It is expected to double production in six months.The company plans to develop 900 wells in Cabimas and improve 37 in Delta, with advanced technology.The collaboration seeks to boost the Venezuelan economy.

·Buenos Aires, Argentina
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EFE.- The US company Pacific Coast Energy Company (PCEC) announced on Wednesday a series of strategic agreements with Petróleos de Venezuela S.A. (PDVSA) for the reactivation and development of oil fields of the Delta and Cabimas blocks, for about 3,500 million total investment. The energy company, based in California, explained in a statement [...] The Pacific Coast Energy Company entry will invest 3,500 million to reactivate wells in Venezuela…

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www,finanzasdigital.com The company based in California Pacific Coast Energy Co. (PCEC) started its field operations in Venezuela during the third quarter, establishing as a goal...

The company has already reactivated more than 50 wells and plans to intervene about 900, with a projection of reaching up to 160,000 barrels per day within ten years.

News of the Day and the Hour Latest News of today Pacific Coast Energy Co., an oil producer based in California, started its activities in Venezuela and plans to double its production in that country...The news Pacific Coast Energy aims to double oil production in Venezuela was first published in News of the Day and the Hour Latest News of today

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BizToc broke the news on Wednesday, October 7, 2026.
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