Report summaryUrdaneta Oeste was originally offered to the private sector during PDVSA's Second Marginal Fields licensing round in 1993. This offered shut-in or low production fields to the industry for reactivation under the terms of a service contract (operating service agreement, or OSA).Shell took over operations in November 1993 when production was running at 6,000 b/d from the Río Negro reservoir. Shell invested heavily in facilities and the drilling of new wells throughout the OSA (1993 ...
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