Small Business Resources, Business Advice and Forms from AllBusiness.com

VENEZUELA: JOINT VENTURE DEVELOPMENT PLANS FOR PROPOSED $2,000,000,000 GAS FIELD DEVELOPMENT...

Publication: WWP-Business Opportunities in Latin America & the Caribbean
Date: Friday, December 1 2000

PROJECT OVERVIEW:

The government of Venezuela recently concluded a memorandum of understanding (MOU) with an international consortium regarding the exploration, production and export of natural gas reserves coming from the country's Paria peninsula. The partners in the planned undertaking include the ROYAL DUTCH/SHELL GROUP of the Netherlands/UK, U.S.-based EXXON MOBIL CORP. and MITSUBISHI GAS CHEMICAL (MGC) of Japan.

According to the terms of the MOU the state-owned PETROLEOS DE VENEZUELA SA (PDVSA) will hold a 33% stake in the venture and have project ma

In addition, make sure to read these premium articles also available with your free trial:

T T T
art_print Printart_email Email 16x16-digg-guy  Digg It delicious-small  del.icio.us

Related Resources

Free AllBusiness Articles

  • Big gas projects abound in Venezuela, Brazil.
    • Since 1999, the state oil and gas company, Petroleos de Venezuela, S.A. (PDVSA), has been advancing work on the Deltana Platform, an offshore continental shelf gas find close to the border with Trinidad & Tobago believed to hold some 38 Tcf of gas and some 3.6 billion barrels of oil....
  • VENEZUELA - Gas Exports.
    • Caracas in June 2002 reached a long-awaited agreement with Shell and Mitsubishi Corp. of Japan to undertake an integrated $3 bn project to develop 10 TCF of non-associated gas from North of Paria offshore fields and have a 4.7m t/y LNG plant and terminal for export. Some of the gas ......
  • US Public May Limit LNG Imports.
    • Public resistance in the US to new LNG receiving and regasification terminals has become so intense and widespread that industry executives are increasingly uncertain about how to overcome it, several speakers told the American Gas Foundation's Executive Roundtable in Dallas. While expressing optimism that the new Congress will pass legislation ......
  • What Does a PEO Do for Me?
    • Here's how the PEO works, and where it helps most.
  • VENEZUELA - PDVSA Gas & Its Projects.
    • Working in parallel with PDVSA E&P is PDVSA Gas, a fourth division of PDVSA Oil & Gas which was created in 1998 and restructured its operations in September 1999 to handle the gas business. A gas development and marketing unit for both methane and NGLs, PDVSA Gas is divided into ......
  • IRAQ - NGL Supply Up.
    • The production growth rate for NGLs is to double in the coming years, taking some pressure off crude oil supply, particularly in the case of light/sweet crude oils which have been in stronger demand in recent years. Producers will add 1.3-1.5m b/d of NGLs through 2007, as massive natural gas ......
  • VENEZUELA - The Gas Sector.
    • Venezuela has 152 TCF of proven gas reserves, the second largest in the Western Hemisphere behind the US. In 2006, the country produced and consumed 1 TCF of natural gas. About 90% of Venezuela's gas reserves are associated. According to Enagas, the state regulator the gas sector, the petroleum ......

Blogs

Related Topics
Tools

Sponsored Links

Site Map | Contact Us | FAQ's | About Us | Media Kit | Reprints | RSS Directory | Sign Up for Free Newsletters | Disclosure Policy

Copyright © 1999 - 2008 AllBusiness.com, Inc. All rights reserved.
No part of this content or the data or information included therein may be reproduced,
republished or redistributed without the prior written consent of AllBusiness.com.
Use of this site is governed by our Copyright and Intellectual Property Policy, Terms of Use Agreement and Privacy Policy.

Get In-Depth Company Information from Hoover's | Buy a D&B Credit Report | What is in Your Company's D&B Credit Report?
Online Business Database | Online Business Information | Email Marketing Lists | Sales and Marketing Solutions | Business Mailing Lists