Report summaryThe South Monagas block was awarded as part of Venezuela's first Operating Service Agreement (OSA) round in 1991. At the time of award, the block contained three old, shut-in oil fields: Uracoa, Bombal, and Tucupita. Harvest-Vinccler successfully re-started oil production from the fields through a programme of well reactivations, workovers, and new drilling.The Petrodelta joint venture company was formed in April 2006 following the government's conversion of the South Monagas OSA to ...
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