Eni started production from the Perla giant gas field located in the Gulf of Venezuela, 50 km offshore. Consisting of Mio-Oligocene carbonates with excellent characteristics, the reservoir is approximately 3000 m below sea level and lies at a water depth of 60 m. The best wells are estimated to produce more than 150 MMscf/D of gas each. The development plan includes 21 producing wells and four light offshore platforms linked by a 30-in. pipeline to a central processing facility in Punto Fijo on the Paraguaná Peninsula. Two treatment trains have been installed at the facility, each capable of handling 150 Mscf/D and 300 Mscf/D of natural gas. The field is operated by Cardón IV, a company jointly owned by Eni (50%) and Repsol (50%).