Eight agreements to foster the Delta Caribe Oriental project are signed

abarrelfullabarrelfull wrote on 10 Feb 2014 08:55

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In an act held this Friday in the Miraflores Palace Petróleos de Venezuela, S. A. (PDVSA) signed eight framework agreements to build Natural Gas transportation and liquefaction trains for the Delta Caribe Oriental project together with companies from Qatar, the United States, Japan, Italy and Malaysia, among others, for a total estimated investment 19.6 billion dollars.

The first of the liquefaction trains will have an annual capacity of 4.7 million tons, and a gas pipeline to transport liquefied petroleum gas. It will receive its feed from the Deltana Platform. The export destination will be the markets of South America, Europe, the Caribbean, and Asia. The conceptual engineering will start at the end of this year, and its completion and startup is estimated for 2013, with an investment of 6.4 billion dollars.

In this project PDVSA will have 60% of the shares; Galp Energía, from Portugal, 15%; Chevron, from the United States, 10%; Qatar Petroleum, 10% and the Mitsubishi-Mitsui consortium, from Japan, 5%.

The construction of the second liquefaction train will end in 2013, with an annual capacity of 4.7 million tons. It will receive feed from the second phase of the Mariscal Sucre project, developed 100% by PDVSA, with an investment of 5.2 billion dollars. The share distribution is: PDVSA, 60%; Enarsa, of Argentina, 10%; Galp, of Portugal, 15%; the Mitsubishi-Mitsui consortium, 5%; and Itochu, 10 %, the latter two from Japan.

Likewise, a memorandum of understanding was signed to exploit and produce natural gas in the Blanquilla and Tortuga off-shore fields, to be liquefied in Train No. 3 which includes three phases: prospecting, risk exploration, and economic evaluation. The expected investment will be 5.7 billion dollars, and the works will start in 2009 and end in 2016. PDVSA will have 60% of the shares; Energías de Portugal (EDP), 5%; Gazprom, from Russia, 15%; ENI, from Italy, 10%; and Petronas, from Malaysia, 10%.

These projects are part of the Oil Planting Plan, through which Venezuela will go from eighth to fourth place in proven gas reserves in the world. By 2012 our country will complete the certification of proven reserves of 11.5 billion cubic feet.

Chávez: This is a historic moment for the nation
With the signing of agreements to create joint enterprises in the off shore gas sector, Hugo Chávez, President of the Bolivarian Republic of Venezuela, underscored the importance of this project for the progress of the nation, since there is the political will and the decision to develop gas resources with the incorporation of new partners.

“We have begun the gas revolution with a strong footing. Fellow countrymen, let us put our courage, our love for this land, our awareness of the importance of this project that has started on a strong footing, let us not lose our drive towards the goal not even for one second, as the philosopher said…”, said the Head of State.

Referring to the projects underway in the country he said: “Venezuela will be a power, a small power. But a great power will be a united South America: that is the great power of the south”.

The gas revolution is under way
Rafael Ramírez, Minister of the People’s Power for Energy and Oil and President of PDVSA, stated that Delta Caribe Oriental comprises the gas reservoirs of the Deltana Plataform, Mariscal Sucre, Tortuga, and Blanquilla, which will feed the Gran Mariscal de Ayacucho Industrial Complex (CIGMA), located in Güiria, State of Sucre.

Ramírez stated that all gas pipelines and trains will converge at CIGMA, with an extension of 6 thousand hectares, which will be the collection and conditioning center for natural gas production in the north eastern region of the country.

The President of PDVSA said that the marketing of liquefied natural gas is expected to begin by 2013 in the national and international markets. CIGMA will have petrochemical and industrial complexes, as well as power and water supplies in constant synergy to cover the needs of the complex and of neighboring communities.

Civil works at CIGMA started this year, and it will become the most important Gas Industrial Complex of Latin America.
Dr. Mohammed Saleh Al-Sada, State Minister for Energy and Industry of Qatar, in representation of all signatory countries, underscored the strategy deployed by the Bolivarian Government to develop the Venezuelan gas industry at the right time, and stressed that they will make all efforts to support and transfer all the knowledge available in Qatar on this subject.

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