Page 9 - LatAmOil Week 10 2023

LatAmOil VENEZUELA LatAmOil

PdVSA’s managers met with representatives of Chevron’s Petropiar JV on March 1 (Photo: PdVSA)

Caracas and Tehran signed a 20-year agreement Venezuela uses both naphtha and condensate
on energy co-operation in June 2022, and the as diluents for the transportation and upgrad-
Iranian side sent roughly 8mn barrels of con- ing of extra-heavy crude oil. Most of the South
densate to Venezuela in 2022, spread out over American country’s petroleum reserves are very
four shipments. heavy and viscous. ™

SURINAME
APA head confident in hydrocarbon

potential of Block 58 offshore Suriname

JOHN Christmann, the president and CEO of reserves are substantial, and Sapakara – the site
US-based APA Corp., has expressed his con- of the latest appraisal well, Sapakara South-2 –
fidence in the hydrocarbon potential of Block is likely to be the basis of a future development
58 offshore Suriname, despite the uncertainty project.
over when the block’s operator TotalEnergies Speaking during APA’s 2022 earnings con-
(France) might make a final investment deci- ference, he said that APA had recently revised
sion (FID). its resource estimate for Sapakara to more than
According to Christmann, Block 58’s 600mn barrels.

SPS-2 is the second appraisal well drilled at Sapakara South (Image: APA)

Week 10 08•March•2023 www. NEWSBASE .com P9