Venezuela post-Maduro: will oil majors invest again?
The new episode of the Energy Technology podcast discusses Venezuela’s oil outlook and the likelihood that foreign investment will spark a revival.
24 June 2026
24 June 2026
The new episode of the Energy Technology podcast discusses Venezuela’s oil outlook and the likelihood that foreign investment will spark a revival.
The GranMorgu project is managed by TotalEnergies with a 40% interest, while APA holds 40% and Staatsolie 20%.
The delivery point will serve Conrad’s Mako gas field in the Natuna Sea, due to come onstream in Q4 2027.
The contract covers spare parts, repairs, engineering advice and digital support for the plant’s turbomachinery, including two NovaLT16 gas turbines.
Santos is aiming to achieve plateau production of approximately 80,000bpd during Q3 2026.
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