Venezuela takes back Vinccler's E&P block

摘要

Caracas- Venezuelans Energy Ministry has suspended the exploration rights of local company Vinccler to a natural gas block in the Gulf of Venezuela and agreed to return its us7.4-mil bid offer,Vinccler said in a statement.Vinccler Oil and Gas,a subsidiary of Cana-das PetroFalcon,won the Castilletes Northeast II block in November in the second round of bidding on Venezuelans Rafael Urdaneta offshore gas project in the gulf.