Italian energy giant Eni started production at the giant Perla gas field offshore Venezuela, the company announced Monday.
According to the announcement, Eni will operate in the largest offshore gas field in Latin America which will be the first gas field to be brought to production in offshore Venezuela.
The field is located in the Cardon IV Block and operated by "Cardon IV S.A.", a company jointly owned by Eni and Repsol, with each having a 50 percent share interest.
The company plans to produce 450 million cubic feet (13.5 million cubic meters) of gas per day in 2015 and 1,200 million cubic feet (36 million cubic meters) by 2020.
Eni’s net gas production is expected to reach 40,000 barrels of oil equivalent per day in 2015 and 110,000 in 2020.
According to the announcement, Perla currently holds 17 trillion cubic feet (48 trillion cubic meters) of gas in place, which corresponds to 3.1 billion of barrels of oil equivalent with additional potential.
By Gulsen Cagatay
Anadolu Agency
gulsen.cagatay@aa.com.tr