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ANOTHER ORINOCO HEAVY OIL MEGAPROJECT MARKS A MAJOR MILESTONE.
Texaco and its partners in the Hamaca heavy oil project in Venezuela's Orinoco Belt, PDVSA and Phillips, unveiled three major engineering, procurement, and construction contracts, valued at $ 1.074 billion, to consortia led by Fluor Daniel and Venezuela's Inelectra/Parsons.
Texaco has authorized two contract awards totaling $1.011 billion for the engineering …
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