Junin-5 Heavy Oil Project Relaunch
Sector: Oil and Gas • Location: Caracas, Venezuela
Source: Crude Oil Prices Today | OilPrice.com
Eni has signed an agreement with Venezuela's Hydrocarbons Ministry and PDVSA to restart activity at the Junin-5 heavy oil project, a giant Orinoco Belt heavy oil field with 35 billion barrels of certified oil in place. The project had begun production in 2013 but faced constraints due to underinvestment, operational disruption, and sanctions-related uncertainty. The relaunch aims to revive product
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | planned |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | Eni has signed an agreement with Venezuela's Hydrocarbons Ministry and PDVSA to restart activity at the Junin-5 heavy oil project, a giant Orinoco Belt heavy oil field with 35 billion barrels of certified oil in place. The project had begun production in 2013 but faced constraints due to underinvestment, operational disruption, and sanctions-related uncertainty. The relaunch aims to revive production in this significant heavy oil resource. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
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State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |