Shell initiates tendering for drilling services at its Dragon gas project, targeting four wells offshore Venezuela in mid-2027.
Shell has launched a tender process for drilling services at its Dragon offshore gas project in Venezuela. The company aims to drill four wells beginning in Q2 2027, marking a key step in its regional energy expansion plans.
The project follows prior agreements to develop Venezuela’s offshore gas reserves, though timelines have faced delays due to regulatory and geopolitical challenges. Shell’s move aligns with broader industry efforts to tap Latin America’s untapped gas resources.
No immediate market reaction was reported, but the contract award could signal increased investment in Venezuela’s energy sector amid shifting global supply dynamics.