Report summaryLL-652 was initially awarded to Chevron as an operating service agreement (OSA) in PDVSA's Third Marginal Fields licensing round in June 1997. Following the termination of the LL-652 OSA in March 2006, the field is now operated by the Petroindependiente joint venture (empresa mixta) in which PDVSA has a majority share and control.Chevron applied extensive enhanced oil recovery (EOR) techniques to the Eocene reservoirs to increase oil production, as well as a major infill drilling ...
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