Venezuela allowed the US energy corporation Chevron to develop gas in the Block 2 of Plataforma Deltana, an offshore project in the northeast of the country, according to a resolution released on Thursday.
US Chevron, Norway's StatoilHydro and France's Total will participate in the development of the Deltana Platform, which is one of the largest natural-gas projects on the Venezuelan coast, with 7 billion cubic feet of certified gas reserves so far, Reuters reported.
The resolution, which was published in the Official Gazette, stated that the hydrocarbon gas reserves found in Block 2 are large enough to ensure a profitable development, as well as the supply of natural gas for gasification projects in the domestic market and the first liquefied gas train in eastern Venezuela.
Link:
http://english.eluniversal.com/2010/04/08/en_eco_esp_venezuela-oks-chevro_08A3711293.shtml