Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

Italy's ENI in €5.14 billion Venezuelan gas deal

Share this article

Italy's ENI in €5.14 billion Venezuelan gas deal
Venezuela's oil giant PDVSA is teaming with Italy's ENI and Spain's Repsol on a $7 billion gas deal.Photo: Luca Mascaro/Flickr
08:18 CEST+02:00
Venezuela's oil giant PDVSA announced on Wednesday it was teaming with Italy's ENI and Spain's Repsol on a $7 billion (€5.14bn) investment to exploit a massive natural gas field.

The Perla 3X field in Falcon state is slated to 450 million cubic feet of gas a day in 2015, and then 1.2 million a day at maximum capacity, PDVSA chief Rafael Ramirez said in Caracas.

"It is quite a complex field that turned out to be the great natural gas find in Latin America," said Repsol chief Antonio Brufau.

The field holds estimated reserves of 15 trillion cubic feet of gas.

Spain's Repsol is an oil and gas firm, and ENI is an Italian integrated energy company.

Don't miss a story about Italy - Join us on Facebook and Twitter.

Get notified about breaking news on The Local

Share this article

From our sponsors

Change the world with a master's degree from Sweden's Linköping University

Master's students at world-leading Linköping University (LiU) aren't there simply to study. They solve real-world problems alongside experts in fields that can create a better tomorrow. Do you have what it takes to join them?

Advertisement