Venezuela: more spending, more drilling due in '77
Journal Article
·
· World Oil; (United States)
OSTI ID:6802579
About 10% of Venezuela's prospective area has produced some 33 billion bbl of oil with another 18 billion bbl proved. Yet following more than 50 yr of exploration, even the Maracaibo Basin is yielding new reserves in the form of oil from the Cretaceous under the lake. Other areas to be explored are the 200,000 sq miles of the off shore and the Orinoco Heavy Oil Belt. This work examines Venezuela's plans, potential, and capabilities with emphasis on the off shore, including Lake Maracaibo, Maraven's M-6 steam flood program and the Orinoco Heavy Oil Belt. The industry has embarked on a $5.5 billion, 5-yr plan to upgrade production to drill more than 1,000 wildcats and to develop heavy oils in the Orinoco region.
- OSTI ID:
- 6802579
- Journal Information:
- World Oil; (United States), Journal Name: World Oil; (United States) Vol. 184:5; ISSN WOOIA
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
02 PETROLEUM
020200* -- Petroleum-- Reserves
Geology
& Exploration
CRETACEOUS PERIOD
DEVELOPING COUNTRIES
DRILLING
ECONOMICS
ENERGY SOURCES
ENHANCED RECOVERY
EXPLORATION
FLUID INJECTION
FOSSIL FUELS
FUELS
GEOLOGIC AGES
GEOLOGIC DEPOSITS
INDUSTRY
LAKES
LATIN AMERICA
MESOZOIC ERA
MINERAL RESOURCES
OFFSHORE DRILLING
PETROLEUM
PETROLEUM DEPOSITS
PETROLEUM INDUSTRY
PLANNING
PRODUCTION
RECOVERY
RESERVES
RESOURCE DEVELOPMENT
RESOURCES
SOUTH AMERICA
STEAM INJECTION
SURFACE WATERS
THERMAL RECOVERY
VENEZUELA
VISCOSITY
020200* -- Petroleum-- Reserves
Geology
& Exploration
CRETACEOUS PERIOD
DEVELOPING COUNTRIES
DRILLING
ECONOMICS
ENERGY SOURCES
ENHANCED RECOVERY
EXPLORATION
FLUID INJECTION
FOSSIL FUELS
FUELS
GEOLOGIC AGES
GEOLOGIC DEPOSITS
INDUSTRY
LAKES
LATIN AMERICA
MESOZOIC ERA
MINERAL RESOURCES
OFFSHORE DRILLING
PETROLEUM
PETROLEUM DEPOSITS
PETROLEUM INDUSTRY
PLANNING
PRODUCTION
RECOVERY
RESERVES
RESOURCE DEVELOPMENT
RESOURCES
SOUTH AMERICA
STEAM INJECTION
SURFACE WATERS
THERMAL RECOVERY
VENEZUELA
VISCOSITY