Carabobo-1 oil field
| Carabobo-1 Oil Field | |
|---|---|
| Country | Venezuela |
| Region | Orinoco Belt |
| Offshore/onshore | onshore |
| Operators | PDVSA, ONGC Videsh, Indian Oil Corporation, Oil India, Repsol, Petronas |
| Field history | |
| Discovery | 2010 |
| Start of production | 2011 |
| Production | |
| Current production of oil | 400,000 barrels per day (~2.0×107 t/a) |
| Estimated oil in place | 7000 million tonnes (~ 8×109 m3 or 50000 million bbl) |
The Carabobo-1 oil field is an oil field located in the Orinoco Belt. It was discovered in 2010 and developed by PDVSA. The oil field is operated and owned by PDVSA. The total proven reserves of the Carabobo-1 oil field are around 50 billion barrels (7.9×109 m3), and production is centered on 400,000 barrels per day (64,000 m3/d).[1]
Indian state-owned company ONGC Videsh Ltd. (OVL) helped certify heavy oil reserves in the Orinoco river belt in 2010.[2][3] In February 2010, an international consortium comprising OVL, Indian Oil Corporation (IOC), Oil India, Repsol of Spain and Petronas of Malaysia won a global bid to claim a 40% stake worth $1.05 billion in the Carabobo-1 oil field.[4]
See also[]
References[]
- ^ "Reliance eyes Venezuela block". cerebralbusiness.com. 2014. Archived from the original on 2014-04-30. Retrieved 2014-04-29.
- ^ "Hugo Chavez's Foreign Policies and International Relations". The World Reporter. Retrieved 10 March 2013.
- ^ Sreeharsha, Vinod (25 November 2006). "India and Venezuela: a success story". The Hindu. Retrieved 8 January 2017.
- ^ "OVL team bags 40% in Venezuela oil block". The Economic Times. 12 February 2010. p. 2. Retrieved 8 January 2017.
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