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The PDVSA logo is based on a sun-shaped, ornamented petroglyph, represented in the Guarataro stone, which is located in Caicara del Orinoco. The symbol of the sun as energy source is associated to the company.
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PDVSA Intevep – Technological Division for the Development and Strengthening of Domestic Capital
12-06-2007

Maracaibo.- “Intevep is the technological division of the New PDVSA, and now, we have all our technology, resources, and our efforts focused on the development of domestic capital,” stated Hercilio Rivas, president of the subsidiary of the state-owned oil company, during the lunch-conference offered as part of the 18th Latin American Petroleum Expo which started yesterday in Maracaibo.

Before representatives of the different companies and the Venezuelan Petroleum Chamber, Rivas said that Intevep aims at achieving technological independence and transfering its benefits to the people by developing social, ecological, and technological programs, as well as contributing with the sustainable development of the country, in accordance with the National Executive guidelines. 

“Our objectives are centered on the Plan Siembra Petrolera (Sow-the-Oil Plan), which is a project that allows the company to satisfy market demands and create Latin American unity among its people. We have more than 1,400 workers, among them, doctors, professionals, specialists, technicians, and workers, all working to fulfill this plan. We also have 222 inventions, 1,100 patents or inventions, and more than 136 technological products that now all belong to the people. 

Seven strategic axes
The speaker at the luncheon went on to explain the importance of Intevep’s role in the implementation of the Strategic Plan and its seven axes and stressed the need for domestic capital to strengthen the nation. 

“The Magna Reserva axis quantifies and certifies the Orinoco Belt reserves, carrying out geological studies and mapping, and defining exploration outlines. The Orinoco axis concentrates on adapting technologies for the development of extra-heavy crudes, improvement of recovery rates and deep conversion processes,” explained Rivas.

The Delta Caribe project offers support to the off-shore activities like the Plataforma Deltana, el Cigma (Gran Mariscal de Ayacucho Industrial Complex), Mariscal Sucre, Rafael Urdaneta, among others. The subsidiary also offers its processes to improve production levels, optimize costs, and increase crude reserves in traditional areas. Concerning the refining axis, Intevep is involved in engineering projects and detailed construction plans to build four new refineries and the improvement of the existing refineries, as well as strengthening Latin American unity. 

“Thanks to all of this, daily production by 2013 will reach the level of 5.8 million barrels of oil, 11.5 billion cubic feet of gas, and a refining capacity of 4 million barrels. This will allow us to invest more than Bs. 21 trillion to reduce poverty by 30% and to provide the people with benefits like 95% coverage of direct gas service,” added Rivas.