Overview

Venezuela
In detail:

  • the main activities related to the E&P sector regulated by a joint enterprise agreement in the Gulf of Venezuela, the Gulf of Paria and the Faja dell’Orinoco
  • Eni’s presence, in the R&M sector, in a joint venture with a company that produces methanol in Venezuela
  • Eni offices and contacts in Venezuela

Exploration & Production

Eni has been present in Venezuela since 1998. In 2016, Eni’s production averaged 61 kboe/d. Activity is concentrated both offshore (Gulf of Venezuela and Gulf of Paria) and onshore in the Orinoco Oil Belt, over a developed and undeveloped acreage of 2,804 square kilometers (1,066 square kilometers net to Eni).

Exploration and production of the oil Junin 5 and Corocoro fields are regulated by the terms of the so-called Empresa Mixta. Under the new legal framework, only a company incorporated under the law of Venezuela is entitled to conduct petroleum operations. A stake of at least 60% in the capital of such company is held by an affiliate of the Venezuela state oil company, PDVSA, preferably Corporación Venezuelana de Petróleo (CVP). The Perla gas field is operated by Cardon IV, a joint venture 50%-50% Eni and Repsol.

Production Eni’s production comes from the giant Perla gas field, located in the Gulf of Venezuela, the giant Junin 5 (Eni’s interest 40%), located in the Orinoco Oil Belt, and from the Corocoro field (Eni’s interest 26%), in the Gulfo de Paria.

Development Development activities concerned:

  • ongoing drilling activities at the Junin 5 field. Possible optimization of development program is currently under evaluation;
  • the completion of the first development phases at the Perla field. The project includes two additional development phases to achieve a production plateau of approximately 1,200 mmcf/d.

In 2016, certain wind farms were built to supply electricity to the Punta Macolla area.

Exploration Eni is also participating with a 19.5% interest in Petrolera Güiria for oil exploration and with a 40% interest in Punta Pescador and Gulfo de Paria Ovest for gas exploration, both located offshore in the eastern Venezuela.

Refining & Marketing

Eni has a stake in Supermetanol CA, a 50-50 joint venture with Pequiven (the state-owned petrochemical company) that operates a plant that produces methanol.

Offices & contacts

Exploration & Production
Eni Venezuela B.V. e Cardon IV S.A.
Avenida Orinoco cruce con calle Mucuchíes,
Edf. 448, Las Mercedes
Caracas
Tel. (+58) 212 318 2000
(+58) 212 821 2000

Refining & Marketing
SuperOctanos C.A.
Complejo Petroquímico José Antonio Anzoátegui
Barcelona, Estado Anzoátegui
Tel (+58) 281 5008532
(+58) 281 5008534
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