Production is to reach 450 MMscfd by yearend in the first of three development phases. In a second phase, production will climb to 800 MMscfd in 2017. A third phase will increase output to 1.2 bscfd in 2020, a rate the partners say is sustainable through the end of their contract in 2036.
Perla, discovered in 2009, holds an estimated 17 tcf of gas in place in Miocene-Oligocene carbonates occurring at about 3,000 m below sea level.
The Cardon IV SA joint venture, named for the Gulf of Venezuela block, has drilled seven wells. It plans to a total of 26 wells, 21 of them producers, in a development scheme involving four light platforms installed 50 km offshore in 60 m of water. The platforms will be linked by a 30-in. pipeline to a central processing facility onshore at Punto Fijo on the Paraguana Peninsula. Two treatment trains have capacities of 150 MMscfd and 300 MMscfd.
State-owned Petroleos de Venezuela SA is buying the gas (OGJ Online, Jan. 5, 2012).