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LUKOIL Overseas’ performance was repeatedly praised by Venezuelan President Hugo Chavez and management of state petroleum company PDVSA. Junin-3 In October 2005, LUKOIL Overseas and PDVSA signed the Agreement to Study the Junin-3 Block in the basin of the Orinoco River. The Agreement provides for quantitative estimation and certification of heavy oil reserves of fields contained within the Junin-3 block in the Anzoategui State (Orinoco oil basin). Joint geological studies | Area: 640 square kilometers | Project partners | LUKOIL Overseas,
PDVSA |
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Business Geography
