At the present time Total is the one of the largest foreign investors in Venezuela. It holds 47 percent stake in Sinor project and produces oil on Jusepin oilfield and natural gas on Yucal Placer field.
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Total To Possess More In Venezuela
French oil company Total has signed an agreement on the acquisition of the 49 percent stake of Venezuelan project
French oil company Total has signed an agreement on the acquisition of the 49 percent stake of Venezuelan project Platforma Deltana?s fourth block development from Norwegian oil major Statoil, the French company said in a statement. The cost of the deal is unknown.
Statoil will remain the operator of the project, and its interest will be 51 percent. In its turn, the Venezuelan state oil company PDVSA has a right to buy back to 35 per cent stake in future. Now the companies need the approval of the Ministry of Oil and Energy of Venezuela.
At the present time Total is the one of the largest foreign investors in Venezuela. It holds 47 percent stake in Sinor project and produces oil on Jusepin oilfield and natural gas on Yucal Placer field.
At the present time Total is the one of the largest foreign investors in Venezuela. It holds 47 percent stake in Sinor project and produces oil on Jusepin oilfield and natural gas on Yucal Placer field.
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