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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.
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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.
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BUSINESS
August 4, 1992
Benton Oil & Gas Co., an Oxnard energy concern, said that an operating service agreement to reactivate and further develop three oil fields in Venezuela has been signed by representatives from Benton and its joint venture partner, the Venezuelan construction company Vinccler C.A., and Lagoven S.A., an affiliate of Venezuela's national oil company Petroleos de Venezuela S.A.
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