The Russian company was quoted as saying that it is considering joint development of Venezuelan reserves in partnership with PDVSA.
The company says it will drill eight exploration wells in the second half of 2017, including four in the Putumayo basin.
The Spanish major has allowed regulator ANP to reveal its interest in 10 areas in the hope of attracting other companies to form consortiums, a spokesperson for the agency told BNamericas on Friday.
The plant, which will be fueled by natural gas, propane, and diesel, is forecast to begin operating in 2021, after investment of US$100mn, according to GEP chief executive Óscar Isaza.
The Chichimene oil extraction and treatment station is in Meta department.
Vice president Jorge Glas became the latest senior Latin American government official to be swept up in the Odebrecht bribery scandal, after the country's president stripped him of his functions.
IEnova won the bid in July for a 20-year concession to build and operate a US$155mn fuels terminal in the Mexican Gulf coast port.