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Venezuela Considers Restarting Caribbean Natural Gas Drilling

June 27, 2010

According to a June 26 report from Reuters, Venezuela is studying offers to restart drilling at an offshore natural gas well in the Caribbean Sea after an exploration platform sank there last month, the country's state-run oil company PDVSA said. The Aban Pearl rig, built by India's Aban Offshore Limited (ABAN.NS), was drilling 150 km from Venezuela's northeastern coast when it vanished beneath the waves without fatalities or immediate environmental damage.

(Source: Reuters)



 
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