(Energy Analytics Institute, Piero Stewart, 1.Apr.2016) – Russia’s Rosneft OAO and PDVSA signed an agreement for joint development of production, treatment and the sale of natural gas from the Mariscal Sucre project offshore.
Rosneft and PDVSA will each hold a 50 percent interest in the venture which includes the fields Patao, Mejillones and potentially Rio Caribe, according to the Rosneft statement.
The three fields comprise part of the Mariscal Sucre natural gas project off the eastern coast of Venezuela. Another offshore field, Dragon, is also part of Mariscal Sucre but apparently not covered by the agreement. Activities at the Mariscal Sucre project are just 20 percent complete, announced PDVSA, as the Caracas-based company is known, in a statement on its website.
Rosneft has announced production from the three fields could potentially reach 25 million cubic meters (883 million cubic feet) per day, which could be shipped by pipeline or as liquefied natural gas, also known as LNG.
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