PDVSA, PetroVietnam in talks over Orinoco Belt

摘要

Caracas-The presidents of state-owned PDVSA of Venezuela and PetroVietnam of Vietnam reviewed plans last week to jointly develop the Junin 2 block in the Orinoco Belt in which they hope to be producing 50,000 b/d by 2016. “The managers agreed to concentrate on finishing the profiling of the reserves and construction production capacity with drilling and surface installations,” PDVSA said in a statement in which it disclosed the private meeting of the two heads.