Venezuela to Start Mariscal Sucre Project by YE:15

Instant Max AI

(Energy Analytics Institute, Pietro D. Pitts, 1.Oct.2015) – Venezuela will soon start offshore gas production at the Mariscal Sucre project.

Production from Cardon IV block is currently at 300 million cubic feet per day (MMcf/d) and expected to reach 450 MMcf/d shortly, said PDVSA President Eulogio Del Pino during a conference in Cumana.

Spain’s Repsol and Italy’s Eni hold a 50:50 interest in the Cardon IV project. PDVSA has yet to exercise its option to back into the project.

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