PDVSA Refinery Scaffolding Project, Venezuela

Coronet provided 4,000 tons of cuplock scaffolds to Petroleo De Venezuela S.A. (PDVSA) for an important local oil development project. Puerto La Cruz Refinery, one of Venezuela’s biggest oil refineries, is located 300km east of Caracas in the state of Anzoátegui. The refinery is owned and operated by Venezuela’s national oil company, Petroleos de Venezuela SA (PDVSA). Venezuela holds the world’s largest proven reserves of crude oil. Site preparation works for an expansion called the Deep Conversion Project started at the refinery in July 2014 and commissioning is expected in 2020. The Puerto La Cruz Refinery conversion project will convert existing units, enabling the refinery to process 210,000 barrels per day (bpd) of heavy and extra heavy crude oil from oil reserves in the Orinoco Oil Belt (FPO) instead of the 180,000bpd of light and medium oil it currently processes.