NRGBriefs: Venezuelan Oil Production Touches 1 MMb/d

(Energy Analytics Institute, 24.Dec.2021) — Energy briefs including Venezuela supposedly reaching the 1 MMb/d oil production mark; and SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (ASX: SSR) commencing commissioning and ramping up activities at Çöpler’s sulfide plant flotation circuit in Peru.



SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (ASX: SSR) commenced commissioning and ramp-up activities at Çöpler’s sulfide plant flotation circuit following the receipt of all required permits and approvals, the co. said 24 Dec. 2021 in an official stmt. A key component of the 2020 Çöpler District Master Plan (“CDMP20”), the Çöpler flotation circuit was completed on time and on budget in the 3Q:21. The flotation circuit utilizes latent capacity in the sulfide plant, and its commissioning is anticipated to increase the gold and sulfide sulfur grades processed through the autoclaves, reduce reagent use, and increase total sulfide plant throughput and gold production.


— Venezuela’s oil production has supposedly hit the 1 MMb/d mark, according to a 24 Dec. 2021 tweet from state owned PDVSA. While the production figure may be a milestone, it is unclear whether PDVSA will be able to maintain that level going forward considering capital constraints and other issues on the ground from a lack of naphtha to no active rigs running in the Opec country.


By Ian Silverman, Aaron Simonsky and Piero Stewart. © Energy Analytics Institute (EAI). All Rights Reserved.