Carabobo-2 Oil Field

Summary Information

• Operator: PDVSA
• Country: Venezuela
• Location: Orinoco Oil Belt
• Production start:
• Partners: Rosneft
• Type: Oil
• Estimated Reserves: 30.6 Billion Barrels
• Production Volume:

+++ Description

• The Carabobo-2 project comprises the Karabobo-2 North and Carabobo-4 West blocks. They are situated in the Orinoco heavy oil belt and have a combined acreage of 342 sq km.
• Operations will cover the whole deposit exploration and development cycle, as well as the construction of surface facilities and field pipelines.
• There are also plans to construct a special processing facility (upgrader) with a capacity of 200,000 barrels a day (10 mln tonnes a year) to bring extracted oil up to commercial quality.
• Commercial oil will be transported for export to the Araya port through a trunk pipeline

+++ Contractors

• -

+++ History

• 2007 - Reserves were quantified and certified
• 2011 - Rosneft and PDVSA signed a memorandum of understanding
• 2012 - Rosneft and PDVSA signed a JV agreement

+++ Geology

+++ Links

1. 30,660 million barrels of standard original oil in place in Block Carabobo 2
2. Rosneft Takes an Important Step in Expanding into the Strategic Market of Venezuela
3. Rosneft and Venezuelan Corporacion Venezolana del Petroleo Sign Joint Venture Agreement