Brief: Can2 Termik Says Its Unit Entered Into Operating And Production Agreement With PDVSA For Oil Field In Venezuela
BRIEF-Can2 Termik Says Its Unit Entered Into Operating And Production Agreement With PDVSA For Oil Field In Venezuela Sept 16 (Reuters) - ÇAN2 TERMİK CANTE.IS:
CAN2 TERMIK - UNIT MINEROSOL GROUP ENTERED INTO OPERATING AND PRODUCTION AGREEMENT WITH PDVSA (PETRÓLEOS DE VENEZUELA) FOR CEMA (PETROKARINA) OIL FIELD IN VENEZUELA
CAN2 TERMIK - AGREEMENT HAS 20-YEAR TERM, WITH RIGHT TO EXTEND FOR ADDITIONAL 20 YEARS
CAN2 TERMIK - FIELD HOLDS 104.2 MLN BARRELS OF REMAINING OIL RESERVES AND 499.3 BCF OF REMAINING GAS RESERVES
CAN2 TERMIK - TOTAL INVESTMENT BUDGET FOR 20-YEAR PERIOD IS $381.7 MLN
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