Eni restarts production at Venezuela’s Junín-5 oil field
Bitget2026/10/28 16:04- Eni restarted operations at Venezuela's Junín-5 heavy oil field on October 28, 2026, following a production-sharing contract signed September 2.
- Phase 1 targets production of 200,000 barrels per day by 2028.
- The onshore field in the Orinoco Belt contains 35 billion barrels of certified oil in place.
- As sole operator, the company has full responsibility for technical, financial and commercial management.
- Development includes restoring abandoned wells and drilling new wells, using existing infrastructure to optimize execution timelines and investment.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Lithium-For-Earth Raises KRW 1.32 Billion in Private Placement
Anthropic "accidentally" leaks IPO documents! Plans to raise $69.3 billion, valuation drops from 2 trillion to 1.3 trillion
Anthropic mistakenly published and then withdrew a prospectus for a planned $69.3 billion fundraising, with its valuation dropping from a peak of $2 trillion to between $1.1 trillion and $1.3 trillion.
Subaru Publishes Transcript of First-Half FYE 2027 Financial Results Presentation
Citi: Occidental Petroleum (OXY.US) Q3 cash flow surpasses expectations, accelerated debt repayment cannot hide concerns over Q4 output
Citi published a research report maintaining Occidental Petroleum's "Neutral" rating, with a target price of $65.
Crypto prices
More
