Venezuela, Nigeria agree to develop two offshore natural gas prospects

Venezuelan state-owned PDVSA and the Nigerian capital company Veneoranto Petroleum Ltd. signed an agreement to develop two natural gas prospects in the areas of Barracuda, located in territorial waters of the Gulf of Venezuela bordering Colombia, and Boca de Serpiente, located in Delta Amacuro state, bordering a territory under claim by Guyana. “I am pleased that the investment process for… Venezuelan state-owned PDVSA and the Nigerian capital company Veneoranto Petroleum Ltd. signed an agreement to develop two natural gas prospects in the areas of Barracuda, located in territorial waters of the Gulf of Venezuela bordering Colombia, and Boca de Serpiente, located in Delta Amacuro state, bordering a territory under claim by Guyana. “I am pleased that the investment process for… Read More