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BP wins Venezuela licence for Loran Phase 2 offshore gas field

PUBT·08/13/2026 19:53:46
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BP wins Venezuela licence for Loran Phase 2 offshore gas field
  • BP won an exploration and production licence for Loran Phase 2, an offshore gas block in Venezuela’s Plataforma Deltana area.
  • Recoverable resources estimated at 4 trillion cubic feet of gas.
  • Equal working interests held with XRG, ADNOC’s international energy investment company, and UCC Oil and Gas Holding; BP will operate.
  • Licence follows an April 2026 cooperation framework with Venezuela covering exploration, future development in Plataforma Deltana.


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. BP plc published the original content used to generate this news brief on August 13, 2026, and is solely responsible for the information contained therein.