What is the latest status of the project “Chevron Orinoco Belt Expansion and Asset Swap”?

The status recorded for “Chevron Orinoco Belt Expansion and Asset Swap” is awarded.

Where can I verify the source and access all details for “Chevron Orinoco Belt Expansion and Asset Swap”?

This Taiyo project page references Bitget along with the original URL (https://www.bitget.com/news/detail/12560605363762). Taiyo standardizes official data into a consistent, searchable project profile.

Chevron Orinoco Belt Expansion and Asset Swap

Sector: Oil and Gas • Location: Venezuela

Source: Bitget

Project

Awarded

Chevron signed two agreements to expand operations at Venezuela's Orinoco Belt, including an asset swap that adds an extra heavy crude area to its main project while returning an offshore gas and a crude area. The agreements increase Chevron's stake in the Petroindependencia joint venture to 49% and include receiving a new oil area, Ayacucho 8, as part of the Petropiar project.

Status: Closed
Sector: Oil and Gas
Location: Venezuela
Updated: 22 Jul 2026
Source: Bitget

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Project Information

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The project “Chevron Orinoco Belt Expansion and Asset Swap” is an infrastructure initiative in the Oil and Gas sector, located in Venezuela. Taiyo aggregates data on it from Bitget.

Participants

Not available for this record.

Status

Original status	awarded
Taiyo status	Closed
Taiyo last update	2026-07-22

Contact

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Description

Description	Chevron signed two agreements to expand operations at Venezuela's Orinoco Belt, including an asset swap that adds an extra heavy crude area to its main project while returning an offshore gas and a crude area. The agreements increase Chevron's stake in the Petroindependencia joint venture to 49% and include receiving a new oil area, Ayacucho 8, as part of the Petropiar project.
Original sector	Energy

Location

Country

Venezuela

Source

Source	Bitget
URL

More Details

Record type	Project
Sector	Oil and Gas
Article published date	2026-04-15

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Chevron Orinoco Belt Expansion and Asset Swap

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