Eni and Repsol discovered in Venezuela, a giant oil field

Italian oil and gas company Eni, together with Spain's Repsol discovered a gas field with reserves of 170 billion cubic meters offshore Venezuela. It is reported by Bloomberg. As stocks deposit is one of five major discoveries in 2009.

The discovery was made in the field of Pearl in a box "Cardon-4, near the Venezuelan coast. With the deposit of Venezuela's gas reserves may be doubled.

In addition to the gas deposit contains a large amount of oil, which should reduce the cost of its development. Basically there is concentrated a "light" oil, which is on the world market is more expensive.



Today Venezuela, which is one of the largest exporters of oil, imports of natural gas. Most of its imports - 7,14 million cubic meters a day - are from neighboring Colombia.

In all probability, a 35-percent share in the field will receive Venezuelan state oil company PDVSA. The rest will be shared equally Repsol and Eni.

Venezuela ranks among the leading oil and gas rich countries of the world. The development of hydrocarbons in the country engaged in the company of many countries, including Russia. In 2009, Venezuela signed an agreement with Russia's oil consortium, Rosneft, Lukoil, Gazprom, TNK-BP and Surgutneftegaz, which will develop oil-bearing zones in the Orinoco River basin.

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