To take advantage of the permit received by the US government, Chevron has to do a great job, since in Venezuela the oil fields are so deteriorated that an investment of 40,000 million dollars will be required to reactivate them and recover the production standards that The joint ventures that operated with Petróleos de Venezuela (PDVSA) had
The US oil company Chevron Corp sent two oil tankers to Venezuela to charter the first shipment of crude oil to the United States on Friday, December 30, something that had not happened for four years, according to a source familiar with the matter. the news agency Reuters.
Also, a second tanker with diluents for a Chevron joint oil venture is scheduled to arrive in Venezuela in early January 2023, the same person said.
This would be the first action taken under the extended license that the United States issued on November 26 and with which it allows the company to import oil or hydrocarbon products produced by its companies in Venezuela. This came just after the Venezuelan government and the opposition said they would resume political talks in Mexico.
With this permit, Chevron could have a larger role in four Venezuelan oil joint ventures that produce, process and export crude, and bring their oil to the US.
A US oil company awaits a titanic work to take advantage of the permission received to resume its operations in Venezuela, since the oil fields are so deteriorated that a million-dollar investment will be required to reactivate them and recover the production standards that the mixed companies that operated with Petróleos de Venezuela (PDVSA) had. The required sum is at least $40 billion.
The energy consultancy Argus Media reports that, in order to achieve some 200,000 barrels per day (bpd) of production projected by Chevron by mid-2023, it will need Venezuela to make an effort to rehabilitate its oil wells, since currently some 18,000 are partially or totally inoperative due to different states of deterioration.
With information from Reuters and El Pitazo.
Post Views: 482