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Denarius Holding plans ~$400M in CEMA oil-field capex
Denarius Holding Group said it plans phased capex of about $400M under a 20-year CPPH with PDVSA for Venezuela’s CEMA Oil Field, targeting output growth from roughly 400 bpd toward about 9,870 bpd and recoverable reserves of about 100M barrels.
Denarius Holding Group announces long-term investment in CEMA oil field
Denarius Holding Group says it will develop the upstream asset at Venezuela’s CEMA oil field under the current U.S. regulatory framework.