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Perla gas field is a world-class giant and one of the most significant in Latin America in the last decade. The field was discovered in August 2009. It is the largest gas field in Latin America with approximately 17 trillion cubic feet (tcf) of gas in place, or 3.1 BBOE. The field, located in the shallow waters of the Gulf of Venezuela, was discovered, and is operated by Cardon IV S.A., a 50/50 joint operating company formed by Repsol and Eni.

The Perla discovery is important because it is a Play opener for the southern Caribbean domain, triggering a...

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