PDVSA set to restart production at Corocoro field

Petróleos de Venezuela, known as PDVSA, is said to be preparing to restart output at its offshore Corocoro field, according to Reuters, citing oil union representative Marcos Padovani and two other unnamed sources.

The sources noted that the company is transporting an electric generator to the field for the operation.

The Corocoro field, owned 74% by PDVSA and 26% by Italy’s Eni SpA, has been quiet since 2019, when the US imposed sanctions on the company.

Padovani said state-owned PDVSA aims to produce 2,000 bpd initially, ramping up to 11,000 bpd by October.

Reuters’ sources said the company will use the medium-grade crude from the field to feed its domestic refineries.

Kim Biggar

Kim Biggar started writing in the supply chain sector in 2000, when she joined the Canadian Association of Supply Chain & Logistics Management. In 2004/2005, she was project manager for the Government of Canada-funded Canadian Logistics Skills Committee, which led to her 13-year role as communications manager of the Canadian Supply Chain Sector Council. A longtime freelance writer, Kim has contributed to publications including The Forwarder, 3PL Americas, The Shipper Advocate and Supply Chain Canada.
Back to top button