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Equinor and TotalEnergies complete divestment of onshore Venezuela asset

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Oilfield Technology,


Equinor and PdVSA have completed a transaction whereby Equinor will transfer its 9.67% non-operated interest in the Petrocedeño project onshore Venezuela to Corporación Venezolana del Petróleo (CVP), a PdVSA company.

The Petrocedeño project aims to upgrade extra-heavy crude oil into lighter crude from the Orinoco Belt area (onshore Venezuela). As a result of this transaction, Equinor will no longer hold an interest in Petrocedeño.

TotalEnergies has also decided to transfer its interest in Petrocedeño to PdVSA, making the latter its sole owner.


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Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/29072021/equinor-and-totalenergies-complete-divestment-of-onshore-venezuela-asset/

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