Report summaryAcema was awarded as an operating service agreement (OSA) in PDVSA's Third Marginal Fields licensing round in June 1997. Under the terms of the Acema OSA, an aggressive investment programme was proposed on the block to increase production to over 12,000 b/d by 2007. However, this programme never came to fruition and production peaked at around 3,100 b/d in 2005. In March 2006, the Venezuelan government converted the Acema OSA into a joint venture (empresa mixta) in which PDVSA took a ...
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- Acema PDF - 728.14 KB 18 Pages, 15 Tables, 7 Figures
- Acema XLS - 609.50 KB