The two firms intend to continue negotiations for reaching an agreement on key technical requirements, commercial and legal terms for the launching joint ventures to develop Rio-Caribe and Mejillones blocks in accordance with legislation of Venezuela.
Rosneft and PDVSA also negotiated on LNG plant construction.
Additionally, the parties agreed to establish a joint venture to focus on activities in relation to well drilling, re-completion and well infrastructure development, as well as to provide any services related to the procurement of equipment, devices, materials and services within Rosneft/PDVSA joint projects.
Rosneft and PDVSA also agreed to extend the Petrovictoria JV establishment and operation agreement aimed to prolong the Carabobo-2 project entry bonus agreement.
Rosneft president and chairman of the management board Igor Sechin said: "Today we signed a series of agreements.
"To highlight, today we reached an agreement on setting up a service company for servicing production projects and promoting advanced technologies.
"The bonus agreement will allow us to pay $440 million which will serve to strengthen the Venezuelan economy."
Image: Rosneft and PDVSA officials sign agreements on offshore projects. Photo: © ROSNEFT, 2014.
