Project Profile
Value: -
Start-up Year: 2012
Location: Orinoco
Production: 400,000 barrels per day (bpd)
The Orinoco Oil Belt has an extension of 55 thousand 314 square kilometres and covers the states of Guarico, Anzoategui and Monagas, a region that has 1.3 billion barrels of oil in place.
The Orinoco\'s projects are set to begin producing 8 API grade Orinoco crude with upgraders to turn that crude into lighter synthetic oil of 32 API grade that will be ready in 2015.
Other companies with interests in Venezuela\'s Orinoco belt include Chevron, Eni, Repsol and a Russian consortium of Rosneft, Gazprom, LUKOIL, TNK-BP and Surgutneftegaz.
Operators:
PdVSA: 60% interest
CNPC: 40% interest