HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 16.Feb.2025) — Houston-based Amos Global Energy Management LLC (AGE) entered into a Sale and Purchase Agreement (SPA) with Sinopec for the Chinese company’s crude oil and natural gas interests in the Gulf of Paria area offshore Venezuela.
The interests have a production potential of around 36,000 barrels per day (b/d), AGE president and CEO Ali Moshiri told Energy Analytics Institute (EAI) on 16 Feb. 2025. Capital expenditures are estimated at around $650mn, Moshiri said.
