Eni-Repsol joint venture seeking to increase gas output at Venezuela's Cardon IV

Eni SpA

27/04/2026 21:25

By Deisy Buitrago

CARACAS, April 27 (Reuters) - Spain's Repsol and Italy's Eni are seeking to increase production at Venezuela's Cardon IV gas field to 645 million cubic feet per day, the manager of the project told an oil conference in Caracas on Monday.

The field currently produces about 580 million cubic feet per day, manager Gonzalo Antonio Carrillo told the conference. He did not say when the companies hope to reach their new goal.

“We’re going to move forward step-by-step. The first step will be to ramp up slightly to 645 (million cubic feet per day)," Carrillo said, adding the companies' next step would be to drill more and improve infrastructure at the field.

(Reporting by Deisy Buitrago, writing by Julia Symmes Cobb)

((julia.cobb@thomsonreuters.com))