Saturday 16 August
2008, San José, Costa
Rica
Troops Try To
Thwart Simulated Panama Canal Attack
Colombia, Strikers Talk
with President
Venezuela: Oil
Prospecting Heads West
Peruvians Demonstrate,
Mourn On Earthquake
Anniversary
Brazil's Navy Seizes
Weapons Of Pirates
|
Venezuela: Oil
Prospecting Heads West
CARACAS - Venezuela says
it will start
prospecting late in
September in west
Venezuela, including
Tachira that pioneered
national oil era over
100 years ago.
Eulogio del Pino, vice
president of Petroleos
de Venezuela (PDVSA),
said they will start in
Junin municipality, seat
of Eureka-1 well,
Venezuela's first oil
producer.
Deep off-shore
exploration and mapping
at sights hosting newly
found heavy, medium and
light oil and gas will
be made in Tachira,
Barinas, Guarico and
Apure that has yielded
over 60 billion barrels
of top-quality light oil
along 24 years.
Daily national oil out
put rounds 3.3 million
barrels with plans to
reach by year’s end 3.4
million withan
investment plan to reach
four million by 2010 and
5.8 million by 2021.
Investments for 2020 may
round $240 billion with
70 percent for PDVSA and
the other 30 per cent
for private share
holders.
Ongoing certification in
Faja del Orinoco must
rank Venezuela as top
world oil producer with
reserves rounding 3.3
billion barrels. |
|
|
|
|
|
|
|
