|
|
Article: VENEZUELA - The Auction.
- Article from:
- APS Review Gas Market Trends
- Article date:
- November 19, 2001
CopyrightCOPYRIGHT 2001 Input Solutions. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Out of the 11 non-associated gas blocks put on offers, six found bidders and were awarded. Only one onshore block - the 900 sq km Yucal Placer Sur in eastern Venezuela, with a proven reserve of 2 TCF and a potential of another 3 TCF - received more than a single bid. It was won by a group of TotalFinaElf (TFE, 69.5%), Repsol-YPF (15%), Venezuelan oil service and construction firm Inelectra (10.2%), and the local engineering and services company Otepi (5.3%). The group bid a total royalty payment of 32.5%, 12.5% above the 20% minimum on gas extraction, against a rival bid of 32% by a partnership of Teikoku Oil of Japan and the local firm Technoconsult. As with the other ...
Related newspaper, magazine, and journal articles:
|
|
Article: Indian states identify additional 8,927 sq km as ...
PTI - The Press Trust of India Ltd.;
October 19, 2009 ;
442 words
... ... Indian states identify additional 8,927 sq km as buffer zones New Delhi, October 19 ... Eastern state West Bengal has identified 885 sq km as buffer area around Sundarbans sanctuary ... an additional buffer area of 287.822 sq km, Indravati (1540.70 sq km), Udanti ...
|
|