Venezuela, Trinidad and Tobago: crude oil potential from known deposits

Technical Report · Wed Jul 01 04:00:00 EDT 1981

OSTI ID:6211170

Dietzman, W D; Rafidi, N R; Warner, A J

This report presents an analysis of the future oil supply potential from the known fields of the republics of Venezuela and Trinidad and Tobago. Presented herein are estimates of (1) original oil in place; (2) ultimate recovery; (3) remaining reserves; and (4) projected supply patterns. A discussion of the methodology for projecting supply patterns is also presented. This analysis does not include recoverable resources from nonconventional deposits such as tar sands and oil shale. The Republic of Venezuela ranked 7th in 1979 in production among the oil producers of the world and is one of the leading exporters of crude oil. During 1979, production averaged about 2.3 million (MM) barrels of oil per day (bopd). It exported an average of 1.2 MM bopd of crude oil in 1978 and 690 thousand (M) bopd of refined products during the first eleven months of 1978. Thus, it exported all but 12 to 13 percent of the petroleum produced in 1978; the rest is consumed domestically. About 1/3 of the country's exports are received by the United States, and it was the 5th and 3rd largest supplier of crude oil and refined products to the United States in 1978 and 1979, respectively.

• Research Organization: Department of Energy, Washington, DC (USA). Energy Information Administration
• OSTI ID: 6211170
• Report Number(s): DOE/EIA-0297; ON: DE81027023
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002 -- Energy Planning & Policy-- Petroleum
DEVELOPING COUNTRIES
ENERGY SOURCES
ENERGY SUPPLIES
EXPORTS
FOSSIL FUELS
FUEL SUPPLIES
FUELS
GEOLOGIC DEPOSITS
LATIN AMERICA
LESSER ANTILLES
MINERAL RESOURCES
OIL FIELDS
PETROLEUM
PETROLEUM DEPOSITS
PRODUCTION
RESERVES
RESOURCES
SOUTH AMERICA
TRINIDAD AND TOBAGO
VENEZUELA