Total President Says Output At One Venezuela Field Down 33%

Instant Max AI

(Energy Analytics Institute, Piero Stewart, 22.Apr.2018) – Patrick Pouyanne, the Chief Executive Officer of French major Total, announced production at one of its oil fields in Venezuela was down to 80,000 barrels per day (b/d) from 120,000 b/d.

Pouyanne made the comments during an oil summit in Paris, reported Oil Price. He added that production in Venezuela was down due to a lack of capital and staff contributions from its partner PDVSA.
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