UPDATE 3-Venezuela's PDVSA sees new Orinoco output at 100,000 bpd
CARACAS, Sept 6 (Reuters) - Venezuela hopes that new crude output this year from the Orinoco belt will reach 100,000 barrels per day, Eulogio del Pino, vice president of exploration and production at state oil company PDVSA, said on Thursday.
Natural gas production at Venezuela's Perla field should start in the first three months of next year, he said.
The government of the South American OPEC-member country maintains it crude production target of 3.5 million barrels per day for 2012, del Pino told reporters.
But Energy Minister Rafael Ramirez said on Tuesday that average output was 3.13 million barrels per day, well under the target for the end of the year announced by President Hugo Chavez.
"The target remains," del Pino said. "We are going to try to get to 3.5 million barrels per day. We have had to struggle to achieve the logistical capacity, but the wells themselves have produced more than expected."
- U.S.' Kerry voices 'regret' to India over diplomat case |
- Washington, DC city council raises minimum wage to $11.50/hr in 2016
- China confirms near miss with U.S. ship in South China Sea
- Mega Millions winners in Georgia, California to split $648 million |
- Medical bills underlie 60 percent of U.S. bankrupts: study