Venezuelan projects advance to develop world`s largest heavy oil reserves
Journal Article
·
· Oil and Gas Journal
OSTI ID:253720
- 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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