PDVSA delays Perla output goal again

Perla field: Production goal delayed until the end of next year

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News Wires

 16 August 2012 19:08 GMT

PDVSA said Wednesday that it expects to reach its goal of producing 300 million cubic feet of natural gas a day at its large offshore Perla field by the fourth quarter of 2013, a report said.

The Venezuelan state oil company in June pushed back the estimated start of production at Perla to the first quarter of 2013 from its earlier estimate of the end of this year, Dow Jones reported, saying that the company did not cite a reason for the latest delay.

Located in Venezuela's Cardon IV bloc, Perla holds 16.3 trillion cubic feet of natural gas and is considered one of Latin America's largest fields.

PDVSA signed a contract in December with Italy's Eni and Spain's Repsol to develop the field.

The Perla project is expected to…

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