(Energy Analytics Institute, Piero Stewart, 2.Jan.2017) – PDVSA PetroMonagas initiated directional drilling activities in Río Yabo — located in the Aceital del Yabo community in Anzoátegui state — and plans to install 800 meters of 30-inch tubing over 60 days.
The tubing will have a transport capacity of 70,000 barrels per day (b/d) and handle production from the Basic Construction and Production Units (UBCP by its Spanish acronym) #14 and #21, PDVSA reported in an official statement.
PDVSA PetroMonagas expects to produce 16,000 b/d of extra heavy crude oil from UBCP #14. To-date, capital expenditures at this project have surpassed $7 million and an additional $5 million are expected to be invested in 2017 during the second phase of the project, reported PDVSA, as the state oil company is known.
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