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VENEZUELA - Total y PDVSA firman acuerdos (inlges) |
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viernes, 08 de febrero de 2008 |
Total, PDVSA sign heavy oil agreements
By OGJ editors
HOUSTON, Feb. 5
-- Total SA signed two joint study agreements with Petroleos de
Venezuela SA (PDVSA) to appraise extraheavy oil reserves and assess a
production project for Block Junin10 in Venezuela's Orinoco Belt.
The 600 sq km Junin 10 block is located southwest of an area
developed
by Sincor, the heavy oil venture in which Total, PDVSA and StatoilHydro
AS are partners. Sincor is being transformed into a mixed company
called PetroCedeno, in which Total will hold a 30.323% stake.
PDVSA earlier
agreed to pay its partners with a combination of crude
and cash for their reduced stakes in the nationalized Sincor project.
However, Total and StatoilHydro must pay some $130 million of their
compensation as a "bonus" to fund the PetroCedeno venture (OGJ Online,
Feb. 1, 2008).
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