Perla gas field
Perla gas field is a giant offshore gas field in the Gulf of Venezuela. It is located south of Gela field, about  offshore at the Cardon IV block in water depths about . It covers area about . The field was discovered in 1976. Exploration activities were carried out in 2009. The Pearl-1 well, drilled by the jack-up rig Ensco 68, encountered a  hydrocarbon column with a production capacity of about  of gas and  of gas condensate. Perla-2 produced  of gas and  of condensate, Perla-3produced  of gas and  of condensate, and Perla-4 produced  of gas and  of condensate. In total, it is expected to hold more than  of natural gas. At the phase I light offshore platforms will be installed to utilise the wells already drilled. A pipeline will be installed to a central processing facility located onshore. The phase I is expected to cost of US$1.4 billion. The field will be developed by consortium of Repsol YPF (50%) and Eni (50%) . The front-end loading will be carried out by Foster Wheeler. The field is expected to come onstream by the first half of 2013. The development contract will be in force until 2036. References

Natural gas fields in Venezuela