During a visit to China in mid-September 2018 Venezuelaâs President Nicolas Maduro signed with China a total of twenty-eight agreements, including a memorandum for cooperation was signed for Ayacucho Block 6, where China will drill 300 wells. More details have not been released.    On 29 August 2008, local press      reported that PDVSA and AdministraciÃ³n Nacional Uruguaya de      Combustibles, Alcohol y PÃ³rtland (ANCAP) signed an agreement to conduct exploration and      production activities in the Ayacucho      6 Block (formerly Hamaca)      located in the Orinoco Oil Belt.      The Ministry of Energy and      Petroleum (MENPET)and      PDVSA president Rafael Ramirez said that reserves      in the block have been certified, 19 Bbo in place volume, approximately      3.8 Bbo (20%) of which is considered recoverable with present technology.      Additionally, the Venezuelan government agreed to provide Uruguay with      oil, natural gas and gasoline for 100 years.    Background information  On 21 July 2006, Uruguayan Ancap President Daniel MartÃ­nez along with Argentinian Enarsa President Ezequiel Espinosa and Venezuelan PDVSA President Rafael RamÃ­rez signed an agreement to conduct quantification and certification study of the reserves of the Ayacucho 6 Block (formerly Hamaca) located in the Orinoco Oil Belt in the Southern-Eastern region of Venezuela. This block, whose name is Ayacucho 6, covers an area of some 500 sq km. The new project will be Ancap and Enarsaâs first oil venture in Venezuela. The move follows the authorities and PDVSA's intention, announced on 19 August 05, to conduct a certification of its Orinoco Oil Belt reserves. After the certification of the reserves is completed the companies will be eligible to negotiate joint venture agreement with PDVSA.   On 20 January 2006, Venezuelan Minister of Energy and Petroleum (MEP) and President of PDVSA Rafael RamÃ­rez and the Argentine Minister of Federal Planning Julio de Vido, signed an agreement for the cooperation of their respective state-owned oil companies. The Letter of Intent established that ENARSA personnel will work in the Ayacucho 6 Block (Orinoco Oil Belt) while Venezuelan personnel will participate in the exploratory evaluation of blocks CAA-16 and CAA-20 in the Golfo San Jorge. ENARSA was created by Kirchner in 2004 for the purpose of returning state participation to the energy sector. The company has very little in financial assets but was granted by the Argentine Congress exclusive rights to all offshore blocks not under final contract before its creation.
Venezuela Government of Venezuela Signed memorandum for cooperation for Ayacucho Block 6 - East Venezuela Basin