Eni Takes the Driver’s Seat at Venezuela’s Giant Junín-5 Oil Field
9 Articles
9 Articles
Yesterday, in the presence of the President in charge of the Bolivarian Republic of Venezuela, Delcy Rodriguez, during the visit of the Secretary of the American Energy Chris Wright, Eni and PDVSA signed the "Contrato de Particación Productiva de Hydrocarbonis" (CPPH) to develop the giant Junín 5 oil field....
Twenty-five years of exclusive management of a huge oil field that contains 35 billion barrels. It is what ENI obtained with an agreement signed with the Venezuelan state oil company PDVSA, in the presence of the president in charge Delcy Rodríguez. The deposit in question is Junín 5, located in the Band of the Orinoco, one of the major concentrations at the [...] The post ENI does billionaire business in Venezuela: concluded the agreement on th…
Eni strengthens the presence in Venezuela, making a "fundamental step for the revival of the energy sector" of the country. The six-legged dog has announced the signing strategic contract in Venezuela, becoming operator of the super giant oil field Junin-5. In particular, the Italian group will be responsible for the technical, financial and commercial management of the field. An agreement defined "a strategically positive news" by the analysts …
The Italian group will manage exclusively the field, which contains 35 billion barrels of oil in place certified. The article Eni becomes operator of Junín-5, the maxi oil field in Venezuela comes from Fortune Italy.
Eni takes the driver’s seat at Venezuela’s giant Junín-5 oil field
Eni has secured exclusive operatorship of Venezuela’s giant Junín-5 oil field, taking direct responsibility for a 35 billion-barrel resource in the Orinoco Belt. The 25-year deal with PDVSA deepens the Italian group’s role in Venezuela as the country seeks to revive its oil and gas production
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