Eni relaunches production at Junín-5 in Venezuela
Venezuela, Oct. 28 -- Eni announces the start of operations at the Venezuela's supergiant Junín-5 field, less than two months after the signing of the "Contrato de Participación Productiva de Hidrocarburos" on 2 September, in the presence of Acting President Delcy Rodriguez and Eni CEO Claudio Descalzi, in the context of the visit to Caracas by US Secretary of Energy Chris Wright.Eni is the sole Operator of the project, with full responsibility for technical, financial and commercial management. Located in Venezuela's Orinoco Belt, Junín-5 is a supergiant onshore heavy oil field, containing 35 billion barrels of certified oil in place.The development plan includes the restoration of abandoned wells and intensive drilling campaign for new we...
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