PDVSA and Repsol sign deal to boost oil and gas output in Venezuela
Key takeaways
- PDVSA and Repsol sign deal to boost oil and gas output in Venezuela.
- The deal focuses on boosting output from the Petroquiriquire joint venture (JV), which operates on the eastern shore of Lake Maracaibo, reported Reuters.
- The signing of the agreement involved Repsol CEO Josu Jon Imaz; Venezuela’s Interim President Delcy Rodríguez; Minister of Hydrocarbons Paula Henao; PDVSA president Héctor Obregón;
PDVSA and Repsol sign deal to boost oil and gas output in Venezuela. The planned expansion may increase Petroquiriquire’s output by 20 · Offshore Technology Shree Mishra Wed, June 17, 2026 at 5:43 PM GMT+7 2 min read REP.MC CL=F Petróleos de Venezuela (PDVSA) and Spain’s Repsol have signed a new agreement that aims to increase crude oil and gas production in north-western Venezuela.
The deal focuses on boosting output from the Petroquiriquire joint venture (JV), which operates on the eastern shore of Lake Maracaibo, reported Reuters.
The signing of the agreement involved Repsol CEO Josu Jon Imaz; Venezuela’s Interim President Delcy Rodríguez; Minister of Hydrocarbons Paula Henao; PDVSA president Héctor Obregón; and Repsol’s general manager of exploration and production, Francisco Gea Pascual.