Shell targets 2027 drilling at Venezuela's key offshore gas field, sources say

Shell has started tendering for drilling services for its Dragon offshore gas project in eastern Venezuela, as it plans to drill four wells starting in Q2 2027. The company is moving ahead with the project’s next execution steps, but no financial impact or guidance figures were disclosed.

Analysis

Shell has started tendering for drilling services for its Dragon offshore gas project in eastern Venezuela, as it plans to drill four wells starting in Q2 2027. The company is moving ahead with the project’s next execution steps, but no financial impact or guidance figures were disclosed.