Venezuela says ConocoPhillips talks going well

MATURIN, Venezuela, Feb 13 (Reuters) - Talks are going very well between ConocoPhillips (COP.N: Quote, Profile, Research) and Venezuela over compensation for a crude project nationalized by the government last year, the director of state oil company PDVSA said on Wednesday.

Speaking a day after Conoco said it hoped to wrap up negotiations this year, PDVSA Director Eulogio Del Pino said the talks were "going very well."

Conoco says it has no plans to follow the same path as rival Exxon Mobil (XOM.N: Quote, Profile, Research), which won temporary court rulings to freeze up to $12 billion of Venezuela's global assets in the fight over payment for its own project that was nationalized in May. (Reporting by Brian Ellsworth)