According to CoinMeta, the Qatar-based UCC Oil and Gas Holding is in talks to acquire two onshore oil and gas fields, El Furrial and Jusepin, in Monagas State in eastern Venezuela. Monagas State is one of Venezuela's major oil-producing states, and other companies such as Shell have also agreed to develop projects in the state. The move by UCC will further contribute to Venezuela's efforts to revive its once dominant petroleum industry. If the deal for the El Furrial oil fields is successfully concluded, UCC will gain the opportunity to access one of the most valuable conventional oil field assets in PDVSA.