Project Profile
Value: US$10,000 million
Location: Orinoco Oil Belt of Eastern Venezuela
Reserves: >100 billion barrels (Carabobo 1, 2, 3)
Start-up:-
The Project 3 is composed of three blocks (blocks Carabobo-2 Sur, Carabobo-3 Norte and Carabobo-5). It is situated in the Orinoco Oil Belt of Eastern Venezuela.
Conceptual engineering for the potential development of the Carabobo-3 oil field was underway by the end of 2013. The project will have an upgrader facility with processing capacity 200,000 bpd of heavy crude oil. It has been scheduled for construction by 2017.
Operator:
Petroindependencia, a joint venture comprised of:
PDVSA: Operator with 60% interest
INPEX: 5% interest
Chevron: 34% interest
Suelopetrol: 1% interest
Japan Oil, Gas and Metal National Corporation (JOGMEC)
Mitsubishi