📰 NEWS | BP to Explore Venezuelan Offshore Natural Gas Alongside Emirati, Qatari Partners
The Venezuelan government has granted BP, UAE-based XRG and Qatar’s UCC a concession to drill the second phase of the Loran offshore natural gas field, whose reserves are estimated at 4 trillion cubic feet.
Shell is developing Loran’s first phase and has also secured a concession for the 4 Tcf Dragon field. BP additionally signed an MoU to explore opportunities in the Carúpano East block.
PDVSA is not a stakeholder in the Loran Phase 2 consortium.
Read our full report here 👉🏾 https://venezuelanalysis.com/news/bp-to-explore-venezuelan-offshore-natural-gas-alongside-emirati-qatari-partners/
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BP to Explore Venezuelan Offshore Natural Gas Alongside Emirati, Qatari Partners - Venezuelanalysis
BP and Shell are set to drill in multiple Venezuelan offshore natural gas projects, while state-owned PDVSA is not a stakeholder in the ventures.
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