PETROLEOS de Venezuela (PDVSA), the state-run oil company, aims to use the imminent start up of production on the Perla field to relaunch long-delayed plans to exploit vast offshore natural gas resources on both sides of the country.

The Perla field, which will be developed under a partnership with Spain’s Repsol and Italy’s Eni, will enter into production in mid-July, PDVSA president Eulogio del Pino said.

Production