Spain's Repsol Bets on New Venezuelan Oil Ground as Majors Return
32 Articles
32 Articles
Spain's Repsol Bets on New Venezuelan Oil Ground as Majors Return
Energy · Commodities —The deal. Spain’s Repsol signed an agreement to study a new oil area in Venezuela called Horcón. —The shift. It is a bet on fresh ground to explore, not the restart of an existing oilfield. —The horizon. A planned offshore drilling campaign would run from 2028 into the early 2030s. —The race. […] The post Spain’s Repsol Bets on New Venezuelan Oil Ground as Majors Return appeared first on The Rio Times.
Repsol reported that it also plans to conduct feasibility studies on potential offshore opportunities in Venezuela.
Repsol has signed an agreement this Tuesday with the Ministry of Hydrocarbons of Venezuela and the state company Petróleos de Venezuela (PDSVA) to “analyze the possibility of developing a new oil zone” in the area ‘Horcón’, southeast of Lake Maracaibo.The deal has been signed in Caracas at a meeting between Repsol’s CEO Josu Jon Imaz, and the director general of exploration and production, Francisco Gea, with Venezuela’s interim president, Delcy…
Both companies are strategic partners with more than three decades of continuous joint work. Their alliance seeks to promote foreign investment and expand the Venezuelan energy sector.
Repsol has signed an agreement of intentions this Tuesday with the Ministry of Hydrocarbons of Venezuela and the state company Petróleos de Venezuela (PDVSA) to analyze the possibility of exploring and developing Horcón, a new oil zone located to the southeast of the lake of Maracaibo. According to the Spanish energy company through an official statement that Efe collects, this agreement opens the door to the study of new opportunities for the e…
Josu Jon Imaz and Delcy Rodríguez agree in Caracas to explore another area on Lake Maracaibo and evaluate offshore gas opportunities
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