M&P has acquired Shellâs 40% interest in the Petroregional del Lago JV running the Urdaneta West field in Zulia. The deal is valued at â¬ 70 MM. PDVSAâs CorporaciÃ³n Venezolana del PetrÃ³leo unit retains 60% in the venture. M&P has agreed to a re-devt plan to increase field production under a new contractual framework.
M&P has acquired Shellâs 40% interest in the Petroregional del Lago JV running the Urdaneta West field in Zulia. The deal is valued at â¬ 70 MM. PDVSAâs CorporaciÃ³n Venezolana del PetrÃ³leo unit retains 60% in the venture. 