Chevron Returns to Venezuela Oil Field ...Middle East

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Chevron Returns to Venezuela Oil Field
source : OILPRICE ( Middle East ) () 69
Chevron has restarted drilling at a key Venezuelan oil field despite signals from the White House the sanction noose around Caracas is about to tighten. Work at the Petroindependencia field in the Orinoco Belt has been ongoing since the middle of last month, Bloomberg reported today, citing unnamed sources. That work’s part of preparations to drill 30 new wells at the field, the report also said. The new wells should increase Chevron’s total output from its joint ventures with PDVSA in Venezuela by 35% to some 250,000 barrels…

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