January
28, 2004
Total
eyes Venezuelan gas
(International Oil Daily) - "French
oil major Total hopes to launch natural gas production
onshore within the next three years at its only
gas project so far in Venezuela, the Yper project,
if field evaluation tests succeed, a top executive
told Reuters. The Yucal Placer project unites
Total with Spain's Repsol YPF and Venezuela's
Inepetrol and Otepi, and will supply the domestic
market. "An early production system, to evaluate
the field potential is expected to start production
during the second quarter of 2004 and if we are
successful we will be in a position to launch
a bigger project within the next three years,"
said Daniel Allirot, vice president, Venezuela-Caribbean,
for Total Exploration and Production. Allirot
said Total was still interested in looking for
natural gas offshore Venezuela in the planned
future offshore Caribbean exploration rounds but
that no data had been released yet".
