Venezuela advances plan to boost Orinoco production
Venezuelan state oil company PDVSA and Russia's Rosneft have outlined plans to raise output in the South American nation by 52,000b/d following the installation of two pressure containers at a production facility in the Orinoco belt.
The units, which each weigh 159t, were transported to the Copem production unit in Anzoátegui state from Guayana in eastern Venezuela last week. The containers were built by the mixed capital company PDVSA Industrial-VHICOA, according to a PDVSA statement.
They will allow PDVSA and Rosneft to ramp up production to around 172,000b/d, it added.
The project comes as oil-rich Venezuela attempts to kick-start a local industry battered by corruption, government interference and international sanctions.
Despite holding the world's largest oil reserves, Venezuela has seen crude production fall by more than 1Mb/d since 2015 to less than 1.5Mb/d.
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
News in: Oil & Gas (Venezuela)
President receives the Minister of Energy and Energy Industries of Trinidad and Tobago
President receives the Minister of Energy and Energy Industries of Trinidad and Tobago
Amazon summit ends without consensus on oil exploration
Representatives from Bolivia, Brazil, Colombia, Ecuador, Guyana, Peru, Suriname and Venezuela outlined conservation measures, but refrained from ar...
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects in: Oil & Gas
Get critical information about thousands of Oil & Gas projects in Latin America: what stages they're in, capex, related companies, contacts and more.
- Project: BC-60
- Current stage:
- Updated:
5 months ago
- Project: CARMOPOLIS
- Current stage:
- Updated:
5 months ago
- Project: White Garca
- Current stage:
- Updated:
3 years ago
- Project: GUARICEMA
- Current stage:
- Updated:
5 months ago
- Project: BREJO GRANDE
- Current stage:
- Updated:
5 months ago
- Project: BT-POT-39A
- Current stage:
- Updated:
5 months ago
- Project: POCINHO FARM
- Current stage:
- Updated:
5 months ago
- Project: BT-POT-9
- Current stage:
- Updated:
5 months ago
- Project: KILLING
- Current stage:
- Updated:
5 months ago
- Project: Bm-seal-4
- Current stage:
- Updated:
3 years ago
Other companies in: Oil & Gas
Get critical information about thousands of Oil & Gas companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: Grupo Bravante
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Chevron Corp.  (Chevron)
-
Chevron is an American oil company engaged in the exploration, production, manufacture, transportation, refining, storage, and marketing of crude oil, gas, and their derivatives...
- Company: Antares Naviera
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Guyana Port Inc.
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Engineers India Limited  (EIL)
-
The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...
- Company: Pacífico Mexinol, S. de R.L. de C.V.  (Mexinol)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Pemex Exploración y Producción, S.A. de C.V.  (PEP)
-
Pemex Exploración y Producción, the E&P subsidiary of Mexican national oil company Pemex, is engaged in the exploration and production of oil, gas, and other hydrocarbons within...