Report summaryCorocoro is an offshore block located in the Gulf of Paria to the west of Trinidad. Both Corocoro and the surrounding exploration licence, known as Golfo de Paria Oeste, are discussed in this analysis. Approval for Phase I of Corocoro development was given in April 2003 and PDVSA subsidiary CVP acquired a 35% participating interest in the project. Phase I entailed the development planned for the installation of one wellhead platform, one platform-mounted processing facility (CPF) and one ...
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