Browsing Tag

Lake Maracaibo

China installs first floating oil platform in Lake Maracaibo

Last weekend, Venezuela completed the installation of the first floating oil platform by the Chinese company Concord Resources Corp. in Lake Maracaibo, Zulia state. "The central infrastructure of the project is the Alula platform, a jack-up offshore unit flying the flag of São Tomé and Príncipe.…

PDVSA and Maurel & Prom sign agreement to produce oil and gas

PDVSA and the French company Maurel & Prom will jointly produce oil and gas in Lake Maracaibo, according to an agreement signed by both companies. The agreement comes after the temporary lifting of several sanctions by the United…