PROJECT

Projects

Environmental Review Summary

Project Number

11398

Company Name

Petrobras Energia Venezuela S.A.

Date ERS Disclosed

Apr 22, 2002

Country

Venezuela, Republica Bolivariana de

Region

Latin America and the Caribbean

Environmental Category

B - Limited

Status

Completed

Previous Events

Approved : Jan 9, 2003
Signed : Jul 3, 2003
Invested : Dec 19, 2003

Sector

Oil and Gas Production (Includes Development)

Industry

other

Department

Gbl Infrastructure & Natural Resources

Project Description

Perez Companc de Venezuela (PCV) has requested IFC to fund capital expenditure that will result in increased production in each of the fields operated by PCV. PCV operates four oil producing fields: La Concepción located in the west part of the country in Maracaibo, and Oritupano-Leona, Acema and Mata located in the eastern part of the country in the states of Anzoátegui and Monagas.

Environmental and Social

Conclusion & Monitoring