26 de septiembre de 2016 12:27 PM
Actualizado el 26 de septiembre de 2016 12:37 PM
Venezuelan state-run oil company Petróleos de Venezuela (Pdvsa) will develop a drilling megaproject of 480 wells at the Orinoco Oil Belt—the largest oil reservoir in the world—by 250,000 barrels per day over the next 30 months.
Investment amounts to USD 3.2 dollars and involves multinational corporations Schlumberger, Horizontal Well Drillers (HWD), Baker Hughes, and Halliburton, together with Venezuela’s general contractor Y&V.
The development will be marked by a new scheme that involves USD 700 million financing by participating companies. Under this type of contracting, Pdvsa and its service providers will act under the principle of shared responsibility in well drilling, completion and connection operations.
Joint ventures PetroVictoria, PetroCarabobo and Petroindependencia will participate in this initiative; these are business partnerships that operate in designated areas of the Hugo Chávez Orinoco Oil Belt. On behalf of Pdvsa, the Venezuelan Oil Corporation (CVP) is the majority shareholder for the Venezuelan State in these joint ventures with 60% stake, together with high level international oil companies such as Rosneft, Repsol, ONGC, Oil India Limited, Indian Oil Corporation, Chevron, INPEX, Mitsubishi and Venezuela’s Suelopetrol.