Eni Takes the Driver’s Seat at Venezuela’s Giant Junín-5 Oil Field
16 Articles
16 Articles
It has maintained operations in the country since 1998, where it currently holds six exploration licences
The Italian oil company Eni will assume exclusive management of the Junín 5 oil field in Venezuela for a period of 25 years, after the signing last Wednesday of a Contract of Productive Participation of Hydrocarbons (CPPH) with the state oil company Petróleos de Venezuela S.A (Pdvsa). «The CPPH, which has a validity of 25 years with possibility [...] The entry The Italian company Eni will be exclusive operator of the Junín 5 field in Venezuela f…
ALnavío
(EFE).- The Italian oil company Eni will assume exclusive management of the Junín 5 oil field in Venezuela for a period of 25 years, after the signing last Wednesday of a Contract of Productive Participation of Hydrocarbons (CPPH) with the state Oils of Venezuela (PDVSA). «The CPPH, which has a validity of 25 years with possibility [...] The entry The Italian Eni will be exclusive operator of the Junín 5 field in Venezuela for 25 years was first…
Eni will manage the mega deposit Junín 5, located in the belt of the Orinoco, the water fascia that follows the last 600 kilometers of the river.
Yesterday, in the presence of the President in charge of the Bolivarian Republic of Venezuela, Delcy Rodriguez, during the visit of the Secretary of the American Energy Chris Wright, Eni and PDVSA signed the "Contrato de Particación Productiva de Hydrocarbonis" (CPPH) to develop the giant Junín 5 oil field....
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