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NK Rosneft' OAO Signs Five Cooperation Agreements with Petroleos de Venezuela, S.A.-RIA ORENDA


Tuesday, 19 Feb 2013 07:00pm EST 

RIA ORENDA reported that Rafael Ramirez, President of Petroleos de Venezuela, S.A. (PDVSA) and Igor Sechin, President of NK Rosneft' OAO (Rosneft), signed oil agreements. The parties, signed a memorandum of understanding for the evaluation of association opportunities for the drilling, development and servicing of offshore wells in the Gulf of Paria. They also signed a memorandum for the development of exploration and exploitation projects of offshore gas areas in Rio Caribe and Mejillones, phase two of the Mariscal Sucre project. It encompasses the Blanquilla and Tortuga areas. The agreement also includes the production of gas in the western side of the country. Orlando Chacin, Executive Director of PDVSA Oriente and Eduard Khudainatov, First Vice President of Rosneft signed a memorandum of understanding for the joint evaluation of development opportunities in mature fields of Lake Mararaibo, Zulia State including the eastern basin. Pedro Leon, Director of Corporacion Venezolana de Petroleo – CVP; Jose Luis Parada, President of PDVSA Servicios Petroleros and Eduard Khudainatov, signed an agreement for the creation and administration of the joint venture Servicios Petroleros to supply and manufacture drilling rigs in the country. Pedro Leon, Jose Ramon Arias Lanz, President of the affiliate PDVSA Ingenieria y Construccion, and Khudainatov signed an agreement for the creation and administration of an Engineering and Construction joint venture.