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U.S. Department of Energy
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Plans to revive oil fields in Venezuela on track

Journal Article · · Oil and Gas Journal; (United States)
OSTI ID:5738488

This paper reports on the three operating units of Venezuela's state owned oil company Petroleos de Venezuela SA which will begin receiving bids Feb. 28 from companies interested in operating 55 inactive oil fields in nine producing areas of Venezuela. Francisco Pradas, Pdvsa executive in charge of the program, the the company expects 88 companies or combines of foreign and domestic private companies to participate in the bidding. The program, announced last year, aims to reactivate production in marginal oil fields. It will involve the first direct participation by private companies in Venezuela's oil production since nationalization in 1976.

OSTI ID:
5738488
Journal Information:
Oil and Gas Journal; (United States), Journal Name: Oil and Gas Journal; (United States) Vol. 90:8; ISSN OIGJA; ISSN 0030-1388
Country of Publication:
United States
Language:
English

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