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Montevideo, September 24th 2018 - 05:53 UTC

Repsol makes first shipment from offshore gas field in the Gulf of Venezuela

Tuesday, August 4th 2015 - 06:06 UTC
Full article 7 comments
President Nicolas Maduro called the arrival of the gas a “historic” event during a ceremony on Saturday to mark the completion of the first shipment. President Nicolas Maduro called the arrival of the gas a “historic” event during a ceremony on Saturday to mark the completion of the first shipment.
Repsol CEO Antonio Brufau and Eni executives attended the ceremony. The gas is being produced at the Cardon IV block, 50 kms offshore Repsol CEO Antonio Brufau and Eni executives attended the ceremony. The gas is being produced at the Cardon IV block, 50 kms offshore
The block has proven gas reserves of 17 trillion cubic feet (TCF). Four platforms are producing gas which is transported onshore via underwater pipelines. The block has proven gas reserves of 17 trillion cubic feet (TCF). Four platforms are producing gas which is transported onshore via underwater pipelines.

The first shipment to onshore facilities has been made from the offshore gas field discovered in 2009 in the Gulf of Venezuela by Spain's Repsol and Italy's Eni, Venezuelan officials said.President Nicolas Maduro called the arrival of the gas a “historic” event during a ceremony on Saturday to mark the completion of the first shipment.

 Repsol CEO Antonio Brufau and Eni executives attended the ceremony.

The gas is being produced at the Cardon IV block, located 50 kilometers (31 miles) offshore, which is part of the Rafael Urdaneta Project.

The block has proven gas reserves of 17 trillion cubic feet (TCF).

The operating license for the gas field is held by the Cardon IV-SA joint venture, in which state-owned oil giant Petroleos de Venezuela's Pdvsa Gas unit has a 50 percent stake and Repsol and Eni hold the remaining 50 percent interest.

Four platforms are being used to produce the gas, which is transported onshore via underwater pipelines.

The natural gas will be used at petrochemical plants that produce fertilizers and to generate electricity, replacing 50,000 barrels per day (bpd) of diesel at power plants, Pdvsa Gas CEO Anton Castillo said.

Top Comments

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  • Brasileiro

    Well done! Walking the path of sovereignty passes through the prohibition of Western companies to participate in the exploration of strategic mineral resources, because these companies are active corrupters.

    I want to make it clear that I do not consider the Iberian Peninsula or the Italian Peninsula as Westerners.

    Aug 04th, 2015 - 11:07 am 0
  • Captain Poppy

    http://finance.yahoo.com/news/venezuelas-giant-lake-endless-oil-042815706.html

    Aug 04th, 2015 - 12:51 pm 0
  • ilsen

    @1 Brasileiro.

    You do know that there are UK and US Funds and Institutions that are major shareholders in Repsol?

    Also the Norwegian Government also.

    It is Western money that is making all this possible.
    How do you feel about that?

    Aug 04th, 2015 - 02:43 pm 0
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