CARACAS Jan 18 Venezuela's Mariscal Sucre
project, which has estimated reserves of 14.7 trillion cubic
feet of gas, has failed to attract private interest after the
government invited firms to make offers last week.
Offers were to be made on Friday until midnight.
The government this month improved the conditions it was
offering companies to help develop the project, but in the end
nobody came forward, private sector sources close to the
process said on Monday.
State oil company PDVSA has yet to announce the results.
Last year PDVSA invited a group of companies including
Japan's Marubeni (8002.T), Mitsui, Mitsubishi and Itochu,
Norway's Statoil (STL.OL), Russia's Gazprom and Italy's ENI
(ENI.MI) to consider taking part in the project.
Spain's Repsol (REP.MC) had also shown interest but did not
make an offer.
PDVSA forecasts that the field will produce 1.2 billion
cubic feet per day.
(Reporting by Marianna Parraga; Editing by James Dalgleish)