- BUSINESS MEETINGS AND AGREEMENTS
Caracas, December 3, 2014 - The President of Petroleos de Venezuela (PDVSA), Eulogio Del Pino and Eni’s Chief Executive Officer, Claudio Descalzi met in Caracas for an update about the ongoing activities and common projects in the country.
During the meeting Eni’s CEO shared with the President of PDVSA the work progress status and the future activities related to the development of projects in Perla and Junin-5, two of the worldwide largest fields discovered in recent years. In addition, the CEO of Eni outlined to the President of PDVSA some initiatives aimed at improving efficiency with consequent increase in value of the joint projects.
The meeting was also an opportunity to analyze the global energy scenario especially in light of the recent events that have heavily affected the world oil market.
Eni has been present in Venezuela since 1998. In the country, the company participates in the development of the heavy oil block Junin-5, located in the Faja of Orinoco which owns 35 billion boe of certified oil in place.
Eni is also co-operator of Cardon IV, the operating company which manages the giant gas field Perla, with reserves estimated in about 480 billion cubic meters of gas (3.1 billion of boe).
Following the entry of PDVSA in the project, the participations of Perla’s shareholders are PDVSA (35%), Eni (32,5%) and Repsol (32,5%).
In addition, Eni holds a participation in PetroSucre the operating company of the Corocoro offshore field (PDVSA 74%, Eni 26%).
Eni’s net production in Venezuela from Junin and Corocoro fields is approximately 10,000 barrels of oil equivalent per day.
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EnergIA (ener'dʒia) is a system based on Generative Artificial Intelligence.
Thanks to this technology, we can respond to your requests by querying the most relevant content and documents available on eni.com. (Note: financial documents from the last 12 months and press releases from the last 2 years are considered.)
Through EnergIA, you can delve into topics of interest and have a real-time window into the world of Eni.
If you wish to search for a specific document, press release or news, use the traditional search engine via the magnifying glass icon.
Like all systems that leverage Generative Artificial Intelligence, EnergIA may generate inaccurate or outdated responses. Always consult the sources that EnergIA proposes as the origin of the generated information.
If the system fails to find an exact match for the requested content, it still tends to provide a response.
If you find any inaccuracies in the provided response, please send us your feedback at the bottom of the page: it will be very helpful for us to improve.
Remember that the content generated by the system does not represent Eni’s official position. We therefore invite stakeholders to refer to their designated contacts for official statements: Press Office for journalists, Investor Relations for analysts and investors, Company Secretariat for shareholders etc..
EnergIA can understand questions posed in almost all languages, but we prefer to provide you with a response in English or Italian, the two languages available on eni.com. If you ask a question in Italian, the content on the site in Italian will be consulted. If you ask it in English or any other language, the content in English will be consulted. (Note: the language Eni uses for financial documents/content is predominantly English.)
If questions are formulated that violate the set security criteria, the system will not proceed with processing the response. Please remember not to send personal data.
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