Industry Association Predicts Venezuela's Gas Production to Reach Maximum After Agreement with Repsol and Eni
The AVPG anticipates that gas production from the Perla field, operated by Repsol and Eni, will reach its peak following the signing of an agreement.
TL;DR
- The AVPG predicts maximum production at the Perla gas field following an agreement with the Venezuelan government.
- The Perla field, operated by Repsol and Eni, currently produces 585 million cubic feet of gas daily, which is 48.7% of its potential capacity.
- The agreement aims to guarantee gas supply for national development and position Venezuela as an exporter of this energy resource.
- Repsol had previously announced preparations to resume operations in Venezuela after receiving necessary licenses.
- Venezuela has opened its oil industry to private and foreign capital following a reform of the Organic Hydrocarbons Law.
- The US has engaged in energy discussions with Venezuela, including meetings with Secretary of Energy Chris Wright and Secretary of the Interior Doug Burgum.