Repsol, Eni Plan Cardon IV Gas Expansion

Repsol and Eni are proposing to enhance production at Venezuela's Cardon IV gas field. The project manager indicated a goal to reach 645 million cubic feet per day, a slight increase from the current output of approximately 580 million cubic feet per day. This expansion is planned to be implemented in stages, with further drilling and infrastructure improvements to follow.

In parallel, Venezuela's vice minister for gas, Cindy Rondon, emphasized the critical need for accelerated repairs to the nation's gas infrastructure. She stated that projects to optimize the handling of associated gas are necessary for short and medium-term solutions. An official from PDVSA also confirmed that regulations for a significant oil reform law are still under development.