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Old November 15th, 2017, 05:31 PM
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Join Date: May 2011
Default Re: Oil India Limited Venezuela

Oil India Limited (OIL) is the second largest hydrocarbon exploration and production Indian public sector company with its operational headquarters in Duliajan, Assam under the administrative control of the Ministry of Petroleum and Natural Gas.

Project 1, Carabobo, Venezuela

Consortium has been awarded two development blocks (C1 Central & North) located in Carabobo area of Orinoco Heavy Oil Belt, Venezuela.

The project involves exploitation of the extra heavy crude, setting up of up-grader and marketing the product.

Mixed Company Contract signed on 12th May 2010 at Caracas.

Drilling activities have commenced and are currently ongoing.

Early accelerated production commenced.

Location: Maturin Sub-basin (East Venezuela)

Area: 383.12 sq.km

Consortium Partners

Mixed Company (Operator)

PDVSA - 71%
OIL - 3.5%
IOCL - 3.5%
OVL - 11%
Repsol - 11%


Corporate Office

Oil India Limited
Plot No. 19, Near Film City,
Sector 16A, Noida - 201301
Phone: 0120 - 2488333 to 2488347 (EPABX)
Fax: 0120 - 2488310
E-mail: oilindia[at]oilindia[dot]in
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