Asset Report
Venezuela Maturin exploration basin
This report is currently unavailable
Report summary
Nearly 51 billion barrels of recoverable oil have been discovered to date in Venezuela's mature Maturin basin. Finds by PDVSA in the early 2000s and prior, such as El Furrial (Deep) and Tacata (Deep), have demonstrated the prospectivity of the deeper Late Eocene Lower Naricual and Capaya formations. This analysis looks at the future potential of these deeper reservoirs, as well as the shallower Early Oligocene Naricual and the Lower to Middle Miocene Oficina formations, where the majority of exploration has been focused to date. However, exploration by PDVSA seems unlikely to resume for several years given the company's current position. Beyond that, activity levels are expected to remain low, constraining the overall materiality of prospective resources. Associated gas has little value in the basin, since any produced gas must be sold to PDVSA and receives a minimum price, most likely less than the cost of production.
Table of contents
- Key issues include:
Tables and charts
This report includes 3 images and tables including:
- Exploration history map
- Exploration wells by play
- Key play characteristics
What's included
This report contains:
Other reports you may be interested in
Asset Report
Malaysia Malay exploration basin
Exploration is typically low-risk and infrastructure-led, underpinning high success rates.
$2,800
Asset Report
Indonesia Kutei exploration basin
A giant gas discovery and exploration upside could improve value creation in the Kutei basin by providing more development opportunities
$2,800
Asset Report
UK Southern North Sea exploration basin
A detailed analysis of the UK Southern North Sea exploration basin.
$2,800