What is the target gas production level Eni and Repsol aim to achieve at Venezuela's Cardon IV field, and how does it compare to current output?

Eni and Repsol aim to increase gas production at Venezuela's Cardon IV field to 645 million cubic feet per day, up from its current output of about 580 million cubic feet per day, according to project manager Gonzalo Antonio Carrillo speaking at the Venezuela Energetica conference in Caracas.

What did PDVSA's executive vice president Jovanny Martinez announce regarding Venezuela's crude oil export targets?

PDVSA's executive vice president Jovanny Martinez announced that Venezuela will increase crude oil exports to 1.06 million barrels per day, with a longer-term goal of reaching 3 million barrels per day, and that fuel exports are expected to rise to 134,000 barrels per day by year-end.

Eni-Repsol Joint Venture Seeking to Increase Gas Output at Venezuela's Cardon IV

Apr 27, 2026

Eni and Repsol plan to raise natural gas production at Venezuela's Cardon IV field to 645 million cubic feet per day, while PDVSA aims to increase crude oil exports to 1.06 million barrels per day.

reuters

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