The energy company strengthens its commitment to Venezuela with new oil projects while sending planes with rescue equipment and humanitarian aid to assist communities affected by the recent seismic emergency.
Venezuela is experiencing a reality marked by two very distinct but equally relevant fronts for its future: the drive for new investments in the energy sector and the mobilization of significant international resources to address the emergency caused by the earthquakes recorded last week.
In the economic sphere, Repsol has signed a letter of intent with the Ministry of Hydrocarbons of Venezuela and with the state-owned PDVSA to analyze the development of a new oil area called Horcón. This area is located southeast of Lake Maracaibo, between the Barúa and Motatán fields, which are already part of Repsol’s asset portfolio in Venezuela, along with the oil-producing fields of Petroquiriquire and Petrocarabobo, and the gas asset of Cardón IV.
The Spanish company will also study possible gas exploitation opportunities in Venezuelan offshore areas, thus reinforcing its presence in a country where it has operated continuously since 1993.
The agreement was signed in Caracas during a meeting led by Repsol’s CEO, Josu Jon Imaz, the company’s General Director of Exploration and Production, Francisco Gea, and the interim president of Venezuela, Delcy Rodríguez, along with representatives of the Venezuelan government and PDVSA.
The initiative adds to other agreements recently reached by the Spanish energy company to strengthen oil and gas production in Venezuelan territory, consolidating its commitment to the growth of activity and operational stability of its projects in the country.
At the same time, attention is also focused on the humanitarian response deployed after the earthquakes that have affected various areas of Venezuelan territory. In order to reinforce emergency efforts, three planes with humanitarian aid coordinated with Spanish authorities and the Spanish Agency for International Development Cooperation (AECID) have been chartered so far.
These flights have transported health professionals and logistics specialists, as well as personnel from humanitarian and emergency organizations who will participate in the establishment of the START field hospital, intended to assist the affected population.
Another of the planes has transported the necessary infrastructure for the operation of this health center, in addition to more than 150 pallets of humanitarian material and urgent aid. Once the deployment is complete, the hospital will have the capacity to provide basic and emergency medical care to those affected.
Thus, while Venezuela seeks to attract new investments to boost its energy sector, it also receives international support to face one of the most significant humanitarian emergencies in recent weeks, in a context that combines immediate challenges and long-term development prospects.