January
23, 2004
PDVSA Oriente to increase production
by 170,000b/d
(Business News Americas) - "The
eastern division of Venezuela's state oil company
PDVSA will increase production by 170,000 barrels
a day (b/d) to 1.28mb/d, news agency Venpres quoted
PDVSA Oriente head Nelson Martínez as saying.
'There is a very aggressive drilling
plan...we're going to have 65 rigs during the
year, from an average of 52 that we have at the
moment,' Martínez said.
PDVSA Oriente recently presented
its 2004 business plan at a meeting with its suppliers
that also sought to establish what Martínez
called a 'new relationship' with them.
The new relationship would
mean 'not seeing them [the suppliers] on the other
side of the fence but integrated into our production
strategy. We are focusing on a new relationship
between PDVSA and service suppliers, with the
aim of being more efficient...as well as creating
a win-win situation in which companies benefit
and we improve our projects in order to meet the
outline of the business plan,' Martínez
was quoted as saying".
