Oil and Gas

Argentina

Description

Drilling exploration and production.

Paradigm

Chinese company interested in investing in Argentina.

Our client has been awarded certain areas in the south of Argentina and has deep knowledge and contacts in the oil and gas business. It is looking for a joint venture partner for drilling exploration and production.

Matching Firm Partner

COUNTRY: Argentina
FIRM: Brons & Salas Abogados
CONTACT: Mr. Guillermo Malm Green, Mr. Eduardo Represas

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Curacao

Description

Curacao is the owner of the ISLA OIL REFINERY ("Isla Refinery"). The refinery takes care of heavy crude coming from Venezuela destined for the USA. End products are sold on Curacao as bunkers to sea going ships and as jet fuel for commercial and military aircraft.

The refinery is in for a big upgrade. The costs of which are too high for the Curacao public owner.

Both Curacao, Bonaire and St. Eustatia have well maintained storage facilities.

Paradigm

We are looking for

  • an investment partner to participate in or to take over the Isla Refinery
  • endproduct users
  • and shippers/traders of refined oil

The primary business opportunity is for an investor/partner with the financial capability to realise the upgrading and/or the purchase of the controlling interest in the Isla Refinery. The secondary business opportunity is for a specialist (main) contractor, who is able to contract and execute the necessary upgrading to the Isla Refinery.

Matching Firm Partner

COUNTRY: Netherlands Antilles & Aruba
FIRM: Zielinski & Gonzales
CONTACT: Mr. Lex Gonzales

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Venezuela

Description

Venezuela is one of the main world producers of oil. It has the seventh largest reserves of oil in the world (77.2 billions of barrels). Current legislation allows for foreign participation in upstream (exploration and production) activities in JVs with the Venezuelan National Oil Company (PDVSA), downstream activities may be carried out entirely by foreign companies. There are projects to develop the production and improvement of heavy oils of the Orinoco Belt and the construction of four refineries within the next 5 years. In addition, there are plans to have several heavy oil improvement plants to develop the vast resources of heavy oil in the country.

Venezuela has the ninth largest gas reserves in the world (150 trillion cubic feet), however it has not developed gas production and currently there is a gas deficit for the domestic market. Plans are to boost gas exploration and production for the domestic market and exports. Potential for exploration of gas is through gas lines to other neighboring countries or as liquefied natural gas (LNG) to the larger worldwide markets. Legislation allows 100% foreign participation in all activities related to the exploration and exploitation of non-associated gas. Applicable royalty/tax regime is lower than that for exploration of liquid hydrocarbons.

Paradigm

The key partner is Petroleum de Venezuela (PDVSA), the Venezuelan national oil company. Companies seeking to do businesses in this sector will need licenses/approvals from the Venezuelan Ministry of Energy and Petroleum ("MEP"). China National Petroleum Corp. ("CNPC") has several operation contracts with PDVSA and a JV for the production of Orimulsion (an emulsion made of heavy oil and water). CNPC is operating several mature oil fields in Venezuela as a service provider to PDVSA. CNPC is seeking to invest in a heavy oil improvement facility in the Orinoco oil belt and other projects that may be available to become an important player in Venezuela.

It will also be important to present ourselves to other Chinese oil and petrochemical companies.

PDVSA and MEP will be offering licenses to offshore gas exploration and production in Eastern Venezuela in the next months. Chinese oil companies may be interested in participating in bidding rounds. Also engineering and construction companies may be interested to participate as contractors for the rigs and platforms to be build. Venezuela does not have experience in the exploitation of offshore oil and gas in deep waters, so there is interest in foreign technology in this respect.

PDVSA and MEP will be assigning areas in the Orinoco Heavy Oil Belt for exploration and production of heavy oil and the building of heavy oil improvement facilities. This investment will be in joint ventures with PDVSA. Chinese Oil companies may be interested in participating in these projects.

PDVSA and has plans to build 3 oil refineries in the next 5 years. Refineries may be licensed to foreign companies. Chinese oil companies may be interested in participating in the design, building and/or operation of such new refineries.

In addition, Chinese engineering companies and contractors may be interested in participation as contractors and/or members of consortia in those projects. Also Chinese oil services companies (drilling, well services, etc) may be interested in participating in these projects as contractors.

PDVSA has announced recently that it will contract with China ship builders the constructions of 42 oil tankers and supertankers.

Matching Firm Partner

COUNTRY: Venezuela
FIRM: Anzola, Raffalli and Rodriguez
CONTACT: Mr. Gonzalo Rodriguez Matos

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