Abarrelfull: Created page with "Summary Information * Operator: PDVSA * Country: Venezuela * Location: Orinoco oil belt * Production start: 2013 * Partners: ENI * Type: Oil / Gas * Estimated Reserves: 35 bi..."

2024-02-21T07:47:35Z

Created page with "Summary Information * Operator: PDVSA * Country: Venezuela * Location: Orinoco oil belt * Production start: 2013 * Partners: ENI * Type: Oil / Gas * Estimated Reserves: 35 bi..."

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Summary Information
* Operator: PDVSA
* Country: Venezuela
* Location: Orinoco oil belt
* Production start: 2013
* Partners: ENI
* Type: Oil / Gas
* Estimated Reserves: 35 billion barrels of oil equivalent (boe) of certified oil in place
* Production Volume:

+++ Description
* The Junín-5 block, currently under development, holds 35 billion barrels of oil equivalent (boe) of certified oil in place and is jointly operated by two joint ventures (Empresa Mixta) formed by PDVSA (60%) and Eni (40%): PetroJunín for the development and production and PetroBicentenario for the construction and operation of a refinery in the Jose Industrial Complex, with a 350,000 barrels per day
* The diluted crude oil of Junín-5 will be transported to PetroBicentenario’s Refinery in Jose where it will be processed and converted into oil products (diesel, naphtha and LPG) to be exported. capacity.
* PDVSA and Eni plan to increase production to approximately 15,000 barrels a day by the year end and subsequently to 75,000 barrels a day by early 2015, through the drilling of approximately 180 wells.
* The development of Phase 2 (full field) will bring production to a level of 240,000 barrels a day by the end of 2018. Throughout the expected 40 years of the field life, the drilling of nearly 1500 wells is planned.

+++ Contractors
* **Vepica:** Feasibility studies and conceptual engineering

+++ History
* 2008 - PDVSA and Eni sign agreement to certify reserves
* 2010 - PDVSA and Eni sign agreement to develop Junin 5 oil field
* 2013 - Eni announces first production from the Junin-5 giant heavy oil field

+++ Geology
*

+++ Links
# [[Vepica Production Facilities References]]
# [http://killajoules.wikidot.com/archive:venezuela-and-italy-agree-on-operations-at-the-belt Venezuela and Italy agree on operations at the Belt]
# [http://killajoules.wikidot.com/archive:pdvsa-and-eni-will-use-state-of-the-art-technology-t PDVSA and Eni will use state of the art technology to obtain certification of Junin 5 Block]
# [http://killajoules.wikidot.com/archive:pdvsa-and-eni-sign-agreement-to-develop-junin-5-gian PDVSA and Eni sign agreement to develop Junin 5 giant heavy oil field in Venezuela]
# [http://killajoules.wikidot.com/blog:3952 Eni announces first production from the Junin-5 giant heavy oil field in Venezuela]

Junin-5 Oil Field - Revision history

Abarrelfull: Created page with "Summary Information * Operator: PDVSA * Country: Venezuela * Location: Orinoco oil belt * Production start: 2013 * Partners: ENI * Type: Oil / Gas * Estimated Reserves: 35 bi..."