May
13, 2004
ConocoPhillips to drill Venezuela
field this year
(Reuters) - "U.S. oil major ConocoPhillips
said it plans to start drilling 14 exploration
wells at its Corocoro field in eastern Venezuela
later this year. 'Beginning in December 2004,
Conoco Venezuela CA will begin drilling 14 exploration
wells for the Corocoro Project Phase 1-A in waters
in the Gulf of Paria,' ConocoPhillips said in
an
announcement for contract companies printed in
local newspapers. (…) The firm has previously
said it plans to invest about $480 million through
2006 to achieve output of 55,000 barrels per day
".
