What is the planned production increase for Venezuela's Cardon IV gas field?

Repsol and Eni aim to increase production at the Cardon IV gas field to 645 million cubic feet per day.

What are the next steps for the Cardon IV gas field expansion?

Following a slight ramp-up, the companies plan to drill more and improve infrastructure at the field.

What is Venezuela's vice minister for gas's main concern?

Venezuela's vice minister for gas stressed the need to speed up repairs and optimize gas infrastructure.

Home / Business and Economy / Repsol, Eni Plan Cardon IV Gas Expansion

Repsol, Eni Plan Cardon IV Gas Expansion

28 Apr

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Summary

Cardon IV gas field aims for increased production.
Companies seek to boost output to 645 million cubic feet daily.
Venezuela's gas infrastructure requires urgent repairs.

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.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.