Report summaryPDVSA awarded Mata as an Operating Service Agreement (OSA) in PDVSA's third marginal fields licensing round in June 1997. Petrolera Mata, a joint venture that initially comprised Perez Companc (later Petrobras Energía and subsequently Petrobras Argentina) and Jantesa, operated the block under the OSA.Petrolera Mata originally set out to increase production from 500 b/d to 23,000 b/d within the first two years. However, average production peaked in 2002 at 7,200 b/d, far below the ...
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