Oil, Gas and Consumable Fuels
Company Overview of Petrodelta S.A.
Petrodelta S.A. explores for, produces, gathers, transports, and stores hydrocarbons in Venezuela. The company is based in Caracas, Venezuela. Petrodelta S.A. operates as a subsidiary Harvest-Vinccler Dutch Holding, B.V.
Avenida Veracruz con Calle Cali
Urbanizacion Las Mercedes
dificio Pawa, Piso 5
Key Executives for Petrodelta S.A.
Petrodelta S.A. does not have any Key Executives recorded.
Petrodelta S.A. Key Developments
Petrodelta Announces Earnings and Operating Results for the Third Quarter Ended September 30, 2015; Provides Operating and Capex Guidance for the Full Year 2015
Nov 9 15
Petrodelta announced earnings and operating results for the third quarter ended September 30, 2015. The company generated $128.6 million in revenue during the third quarter before deduction for royalties compared to $324.3 million for the same period in 2014. The company reported a third quarter operating loss before taxes and non-operating income of $187.2 million compared to income before taxes and non-operating items of $80.3 million for the third quarter of 2014. The company posted a net loss of $165.8 million during the third quarter compared to net income of $73.4 million for the same period in 2014.
The company announced Petrodelta delivered about 3.6 million barrels of oil or 39,042 barrels of oil per day during the third quarter of 2015. That's down about 6% from the same quarter in 2014, but up 4% from the second quarter of 2015. The average price of the crude oil sold by Petrodelta during the third quarter was $35.35 per barrel compared to $84.17 per barrel for the same period last year.
The company expects Petrodelta to average 40,000 barrels of oil per day for the year 2015 with CapEx projected to be to be just under 400 million and Petrodelta currently has 5 drilling rigs in operation.
Petróleos de Venezuela Reportedly Mulls Acquisition Of Stake In Petrodelta
Apr 14 15
Petróleos de Venezuela S.A. reportedly agreed to acquire stake 32% stake in Petrodelta S.A. from Harvest-Vinccler Dutch Holding B.V. Reuters reported, citing a source close to Petróleos de Venezuela S.A., said “The offer by Petróleos de Venezuela S.A. last week was in a fair range to settle the deal taking into consideration today's oil prices.”
Petrodelta S.A. Announces Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014
Mar 30 15
Petrodelta S.A. announced unaudited earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported income from operations of $7.9 million compared to $71.7 million reported in the same period last year. Income before income tax was $34.6 million against $35.7 million reported last year. Net loss under IFRS was $19.4 million against $93.3 million reported last year.
For the year, the company reported income from operations of $208.1 million compared to $414.1 million reported in the same period last year. Income before income tax was $215.7 million against $563.3 million reported last year. Net income under IFRS was $144.7 million against $255.8 million reported last year.
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