Subscribe to our news feedOil and gas recruitment: ConocoPhillips sells Deltana Platform shares
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Published on Tuesday 6th October 2009
ConocoPhillips has announced the sale of its stake in the Deltana Platform offshore gas project, in emerging oil and gas recruitment news. Petroleos de Venezuela (PDVSA) acquired its exploration and production rights in the natural gas reserves east of the Rio Orinoco estuary, according to reports. The nonassociated gas will be transported through an underwater pipeline from a wellhead to the onshore Gran Mariscal de Ayacucho Industrial Complex, which is currently being constructed potentially leading to onshore vacancies. According to the firm, a 300kilometre pipeline will be needed to transport the substance. Yields of 750 million cubic feet of gas are expected every day. The deal will see PDVSA take a 61 per cent stake, sharing with Chevron, which holds the remaining stock. Meanwhile, ConocoPhillips recently announced that it had started maintenance at its Wilhelmshaven oil refinery in north Germany. The facility, which is expected to be shut for some ten weeks while work is undertaken, produces 260,000 barrels of oil every day. 
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