Report summaryBlock 70/80 lies in the northeast part of Lake Maracaibo in Zulia State, south of PDVSA's Block B2X-68/79. It contains part of the Bolivar Coastal field.Block 70/80, formerly part of the Block B2X-70/80 Operating Service Agreement (OSA), was awarded in PDVSA's Third OSA Round (Marginal Fields) in 1997. This offered shut in or low production fields to the industry for reactivation under the terms of a service contract.Following the termination of the Block B2X-70/80 OSA in March ...
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