Caracas, Venezuela — An explosion at a 20-inch pipeline that provides natural gas to the PIGAP II gas reinjection plant in northern Monagas state in Venezuela was the result of a “terrorist attack,” the country’s oil minister said, with one analyst saying natural gas and crude oil production has been reduced as a result.
“PIGAP II currently has 20% of its original capacity because the gas injection projects for the artificial lift of crude were discontinued and, as a result, northern Monagas is producing crude well below its potential which reached 1 million b/d,” Einstein Millan, a Venezuelan natural gas specialist, said.
The PIGAP II gas reinjection plant helps produce crude oil at El Furrial fields operated by state-owned PDVSA. The pipeline also serves Spain’s Repsol in Quiriquire. Read more…..
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