Asset Report
Carabobo Project 1
Report summary
The Carabobo Project 1 covers two blocks, Carabobo-1 Norte and Carabobo-1 Central. The blocks are located in the eastern area of Venezuela's Orinoco Heavy Oil Belt (also as known as the Faja) and neighbour the Petromonagas (Cerro Negro) heavy oil project. The Faja is the world's largest heavy oil deposit with oil in place of 1,300 billion barrels. The project began production in December 2012.
Table of contents
- Key facts
-
Summary and key issues
- Summary
- Key issues
- Upgrader plans cancelled
- Lower peak expected
- Diluent imports crucial for success
- Negative NPV
- Location maps
-
Participation
- Historic
-
Geology
- Reservoirs
- Recovery factors and enhanced oil recovery
- Structure
- Exploration
- Reserves and resources
- Production
-
Development
- Wells
- Facilities
- EOR
- Infrastructure
-
Costs
- Capital costs
- Operating costs
- Sales contracts
-
Fiscal and regulatory
- Royalty
- Corporate income taxes
- Windfall taxes
-
Economic assumptions
- Cash flow
- Discount rate and date
- Inflation rate
- Oil price
- Global Economic Model (GEM) file
- Economic analysis
Tables and charts
This report includes 19 images and tables including:
- Key facts: Table 1
- Index Map
- Detail Map
- Participation: Table 1
- Reserves and resources: Table 1
- Production: Table 1
- Production: Table 2
- Production Profile
- Cash flow
- Economic analysis: Table 2
- Economic analysis: Table 3
- Split of Revenues
- Cumulative Net Cash Flow - Undiscounted
- Cumulative Net Cash Flow - Discounted at 10% from 01/01/2019
- Remaining PV Price Sensitivities
- Geology: Table 1
- Costs: Table 1
- Costs: Table 2
- Costs: Table 3
What's included
This report contains:
Other reports you may be interested in
08 March 2019
Carabobo Project 3
Asset Report
Carabobo Project 3
Carabobo Project 3 covers three blocks - Carabobo 5, Carabobo 2 South and Carabobo 3 - and is located 440 kilometres southeast of ...
$2,90004 February 2019
Venezuela in transition? First steps toward upstream recovery
Insight
Venezuela in transition? First steps toward upstream recovery
What happens to the oil sector if Venezuela transitions to a new government?
$1,35008 June 2017
New project sanctions jump in 2017: Q2 pre-FID upstream project tracker
Insight
New project sanctions jump in 2017: Q2 pre-FID upstream project tracker
13 upstream projects with 7 billion boe have been sanctioned in 2017. We highlight the other fields with the best chance of reaching FID.
$6,750
Trusted by leading organisations
