Asset Report
Carabobo Project 3
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Carabobo Project 3 covers three blocks - Carabobo 5, Carabobo 2 South and Carabobo 3 - and is located 440 kilometres southeast of Caracas. It lies in the east of Venezuela's Orinoco Heavy Oil Belt (also as known as the Faja) and neighbours the Petromonagas (Cerro Negro) heavy oil project. The Faja is the world's largest heavy oil deposit with oil in place of 1.3 trillion barrels.Following the imposition of the US sanctions, production was suspended. The production resumed in 2021, ...
Table of contents
- Summary
- Key Issues
- Historic
- Facilities
- Royalty
- Corporate income taxes
- Windfall taxes
- Cash flow
- Cash Flow
Tables and charts
This report includes the following images and tables:
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Index mapDetail mapParticipation
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Hydrocarbon and reservoir qualityReserves (2P) at 01/01/2026Contingent Resources (2C) at 01/01/2026Production (2015-2024)Production profileCapital Costs Pre-2016 to 2024 (US$ million)Operating Costs 2024 to 2033 (US$ million)Cash Flow (US$)PV Table (US$)
- 5 more item(s)...
What's included
This report contains:
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