Venezuela and Trinidad agree on sharing gas reserves
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| Published on Thursday, March 22, 2007 |
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By Alex Kennedy
CARACAS, Venezuela (Bloomberg): Venezuela and Trinidad and Tobago have reached an agreement on sharing reserves in the Deltana Platform, South America's largest natural-gas field, clearing an obstacle for development of the tract.
The accord for the offshore field that straddles the border of the two countries was signed by Venezuelan President Hugo Chavez and Trinidad Prime Minister Patrick Manning, state oil company Petroleos de Venezuela SA said Wednesday in an e-mailed statement.
The company didn't elaborate on the reserve-sharing agreement for Deltana, which may hold as much as 40 trillion cubic feet of natural gas.
Among the companies developing Deltana are Chevron Corp., BP Plc, BG Group Plc and Statoil ASA. |
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