Italy's Eni and Spain's Repsol have signed an agreement with Venezuela to jointly develop the country's Perla discovery. The new JV will be jointly run by PDVSA's subsidiary CVP (60%), with the two foreign firms receiving 20% each. Under the terms of the agreement PDVSA will provide $1.0 billion in investment for the project while Eni and Repsol will each chip in $500 million.Discovered in 2009, Perla field is a large gas and condensate......
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