Español

E&P

Venezuela

Venezuela

PETROCABIMAS is a Venezuelan mixed company ("Empresa Mixta"), 60% owned by Corporación Venezolana de Petroleo ("CVP"), a subsidiary of Petróleos de Venezuela ("PDVSA") and 40% owned by Suelopetrol E&P (SEPCA). In the Empresa Mixta, Suelopetrol participates in the joint operation of the Cabimas field in Venezuela with a production of 6,000 bpd of 22 degrees API crude + 10 MM cfpd (7,800 BOED).

PETROINDEPENDENCIA is a Project Company holding the concession over Carabobo # 3 oil field, a Venezuelan mixed company ("Empresa Mixta"), 60% owned by Corporacion Venezolana de Petroleo ("CVP"), a subsidiary of Petróleos de Venezuela ("PDVSA") and 40% owned by a consortium comprised by Chevron Corporation (34%), Japan Carabobo UK (5%), itself a joint venture between Mitsubishi Corporation, Inpex Corporation and JOGMEC and Suelopetrol Internacional S.L (1%). The Project Company has been granted the rights to produce and upgrade extra-heavy oil in three Carabobo blocks for a period of 25 years with a possible extension for another 15 years.