抄録
In 1992, Venezuela started a campaign to introduce foreign-capital into the oil and natural gas sectors, as one of the middle-term plans to increase oil production from 2.5 MMBPD at that time up to 6.2 MMBPD in 2006. There was a minor modification of the middle-term plan due to the presidential election in February 1999, but the original basic strategy has been maintained.
It is considered that the foreign investment on the oil and gas sectors is not only intended for the production enhancement, but for the stimulation on the characteristics of PDVSA (Petroleos de Venezuela. S.A.). which has been a monopolistic state oil company since the nationalization on January 1, 1976.
Teikoku Oil Co., Ltd., which has had a large interest in oil business in Venezuela, launched into Venezuela projects in 1992 for East Guarico project and later for Sanvi Guere project in 1993. These are the re-activation projects of the existing oil and gas fields by a service contract.
This article introduces key points to be concerned and the measures taken of the rehabilitation business through the experiences in those projects.
