13 March 2026
13 March 2026
The US Government aims to address escalating energy prices in the context of increased regional tensions.
Acting President Delcy Rodriguez said the agreements aim to enhance gas production at Cardon IV, a 50-50 Repsol-Eni venture.
Strong domestic demand and energy security are the main drivers for CDU capacity additions in the region.
Block 14 currently produces around 42,000bopd, with Energean’s share at around 13,000bopd.
The Malaysian state-owned company will carry out further analysis to assess the results and gauge the discovery’s potential.
The latest project follows the start of oil production at Mero-4 in May 2025 and precedes the start-up of Atapu-2 and Sépia-2.
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