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Venezuelan projects advance to develop world`s largest heavy oil reserves

Journal Article · · Oil and Gas Journal
OSTI ID:253720
;  [1]
  1. Pantera Petroleum Inc., San Leandro, CA (United States)

A number of joint venture projects at varying stages of progress promise to greatly increase Venezuela`s production of extra heavy oil. Units of Conoco, Chevron, Total, Arco, and Mobil have either signed agreements or are pursuing negotiations with affiliates of state-owned Petroleos de Venezuela SA on the development of huge reserves of 8--10{degree} gravity crude. Large heavy oil resources are present in the oil producing areas of eastern and western Venezuela, and the largest are in eastern Venezuela`s Orinoco heavy oil belt. The paper discusses the Orinoco heavy oil belt geology and several joint ventures being implemented.

OSTI ID:
253720
Journal Information:
Oil and Gas Journal, Journal Name: Oil and Gas Journal Journal Issue: 28 Vol. 94; ISSN 0030-1388; ISSN OIGJAV
Country of Publication:
United States
Language:
English

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