First drilling ship will drill fields in the Mariscal Sucre Project

abarrelfullabarrelfull wrote on 08 Feb 2014 21:57
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16-06-2008

Rafael Ramírez,, Minister of Energy and Petroleum and President of Petróleos de Venezuela S.A., along with executives and workers from the state-owned company and its Offshore Exploration and Production Management, participated in a historical ceremony to welcome the Neptune Discoverer drilling ship. The drilling ship is scheduled to begin drilling in the Dragon field, which is part of the Mariscal Sucre Project.

“The New PDVSA will begin to drill offshore and beyond. It's the first time in our history that an industry with its own personnel and resources finishes an extraordinary prep phase and begins drilling to produce gas in our territorial waters”, Minister Ramírez indicated.

The contract of the Neptune Discoverer drilling ship was signed with the Neptune Marine company for a 4-year period. The drilling ship is of Norwegian origin, is currently in territorial waters, and is expected to exploit Venezuela's gas potential and produce approximately 600 million cubic feet of gas per day during the first stage.
Similarly, Minister Ramírez affirmed that the drilling ship is the first of two drilling ships expected to be used in Venezuela. “We are about to get the second drilling ship, and when we get it we will have covered our gas production goals till 2012”.

The Mariscal Sucre Project is composed of elements that include an oilfield production plan, scheme of wells, sub-sea and surface development concept, economic analysis, impact of uncertainties, and optimization of decision-making variables.

A temporary marine base is expected to be built in Anzoátegui State, in Muelle Seco, to begin operations. Subsequently, the final headquarters will be set up in Carúpano, Bermúdez Municipality, which will receive, store and ship drilling materials.

Where is this gas going?

Minister Ramírez affirmed that the gas obtained from the soon-to-begin drillings will be supplied first of all to Venezuela's domestic market. “We will have 600 million cubic feet of gas that we will first use to satisfy our domestic demand, and then we will drill enough gas so that Venezuela has the capabilities to become a gas exporter by 2011 or 2012 using liquefied natural gas technology”, Minister Ramírez emphasized.

Also, Minister Ramírez highlighted there is an entire technology infrastructure currently being developed for offshore gas production. This infrastructure is automated; therefore operations take place in the same way as operations carried out by PDVSA in the mainland.

It is worth mentioning that the Mariscal Sucre Project represents the commitment made by the New PDVSA to support the Endogenous Development Plan. Said Plan is intended mainly to communities located within the company's areas of influence and communities that need further infrastructure in the real estate, fishing, ecotourism, heavy and metal industry and hotel sectors. This will lead to great progress regarding the performance and life style of the residents of said areas.

Minister Ramírez stated “we are here feeling strong and proud of being Venezuelans and of witnessing this historical moment that will yield benefits to our people and the creation of this great and sovereign motherland that will allow us to strengthen socialism”.

The Project emphasizes sustainable development and socialist insertion. Its results will have a positive impact in social, economic, political, territorial and organizational aspects, which will have fundamental leverage and be utmost important for the New PDVSA and the Revolutionary Government.


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