Shell is conducting a marine survey in Venezuela's Dragon offshore gas field before project deadline.

From Nasdaq: 2025-04-23 06:15:00

Shell plc is conducting a marine survey at the Dragon offshore gas field in Venezuela ahead of the May deadline to wind down projects. The survey, done by the vessel Dona Jose II, will help pinpoint future drilling sites and pipeline design for gas transport to Trinidad.

Trinidad faces declining natural gas reserves and views the Dragon field as a critical opportunity for energy security. Shell’s 30-year operating license from Venezuela allowed for gas exports to Trinidad by 2025. Geopolitical tensions impact project development, requiring special licenses due to U.S. sanctions on Venezuela.

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Read more at Nasdaq: Shell Moves Ahead With Field Survey in Venezuela Amid Looming Deadline