The joint venture between Eni Group and Repsol seeks to increase production at Venezuela’s Cardon IV gas field

The gas field currently produces about 580 million cubic feet per day, project manager Gonzalo Antonio Carrillo stated at the "Venezuela Energy" conference. He did not specify when the companies aim to reach this new target. "We will advance step by step. The first step is to modestly increase output to 645 million," Carrillo said, adding that the next step for the companies will be to drill more wells and improve the field's infrastructure.