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Oil Drilling Venezuela

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BUSINESS
August 11, 1992 | JACK SEARLES
An official of Oxnard-based Benton Oil & Gas Co. branded as "grandstanding" a Venezuelan congressional leader's demand for an investigation of a contract for Benton to reactivate three of that country's abandoned oil fields. The pact calls for Benton to join with a Venezuelan construction firm and an affiliate of the national oil company Petroleos de Venezuela S.A. in reactivating fields said to contain about 100 million barrels of oil.
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BUSINESS
August 11, 1992 | JACK SEARLES
An official of Oxnard-based Benton Oil & Gas Co. branded as "grandstanding" a Venezuelan congressional leader's demand for an investigation of a contract for Benton to reactivate three of that country's abandoned oil fields. The pact calls for Benton to join with a Venezuelan construction firm and an affiliate of the national oil company Petroleos de Venezuela S.A. in reactivating fields said to contain about 100 million barrels of oil.
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BUSINESS
June 23, 1992
Benton Oil & Gas Co. in Oxnard said Venezuela's national oil company has granted Benton and its joint-venture partner, the Venezuelan construction company Vinccler CA, the right to further develop three oil fields in Venezuela. The joint venture will make all investments needed to reactivate the fields and will receive an undisclosed fee for each barrel of crude oil produced, Benton said. Initial production should begin by mid-1993, it added.
BUSINESS
June 23, 1992
Benton Oil & Gas Co. in Oxnard said Venezuela's national oil company has granted Benton and its joint-venture partner, the Venezuelan construction company Vinccler CA, the right to further develop three oil fields in Venezuela. The joint venture will make all investments needed to reactivate the fields and will receive an undisclosed fee for each barrel of crude oil produced, Benton said. Initial production should begin by mid-1993, it added.
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