Eni restarts production at Venezuela’s Junín-5 oil field

Bitget2026/10/28 16:04

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Eni restarted operations at Venezuela's Junín-5 heavy oil field on October 28, 2026, following a production-sharing contract signed September 2.
Phase 1 targets production of 200,000 barrels per day by 2028.
The onshore field in the Orinoco Belt contains 35 billion barrels of certified oil in place.
As sole operator, the company has full responsibility for technical, financial and commercial management.
Development includes restoring abandoned wells and drilling new wells, using existing infrastructure to optimize execution timelines and investment.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Eni S.p.A. published the original content used to generate this news brief on October 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Eni restarts production at Venezuela’s Junín-5 oil field

You may also like

Crypto prices