Asset report
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20 Pages

Petrocedeno (Sincor)

Petrocedeno (Sincor)

Report summary

Petrocedeño (formerly Sincrudos de Oriente C.A., or Sincor) is one of the four original projects in Venezuela's Orinoco Heavy Oil Belt (the Faja). In 2000, it became the third project to be brought onstream. It is an integrated project involving the exploitation of extra-heavy oil (XHO) and the upgrading of the oil into a lighter synthetic crude (syncrude) for export.Petrocedeño produces 8.3° API gravity crude at the field, which is upgraded to a 32° API syncrude ...

What's included?

This report includes 2 file(s)

  • Petrocedeno (Sincor) PDF - 727.07 KB 20 Pages, 13 Tables, 8 Figures
  • Petrocedeno (Sincor) XLS - 520.50 KB


Lower oil prices and a call for increased returns from shareholders has caused a subtle shift to occur in the upstream oil and gas industry. This shift is increasing investment opportunities and driving capital discipline.

In this Upstream Oil and Gas Field report you'll find information about participation, exploration, geology, reserves, production, infrastructure, cost, economics and much more.

For potential investors, governments and companies in the oil and gas sector, this report provides an understanding of critical issues at the field level. It will help give you a commercial view of the field and recognise potential benefits and risks.

Wood Mackenzie has over 40 years of experience in commercial analysis and field valuations. Our analysts produce forward-looking analyses, backed by our robust proprietary database of trusted research.

Covering more than 105 countries, we are the recognised gold standard in commercial data and analysis.

  • Key facts
  • Summary and key issues
    • Summary
    • Key issues
      • Light crude used for blending
      • Upgraded crude could be used as diluent for new Faja projects
      • Steam injection planned to boost recovery
  • Location maps
  • Participation
  • Geology
    • Oil quality
    • Reservoirs
    • Structure
    • Recovery factors and enhanced oil recovery (EOR)
  • Exploration
  • Reserves and resources
  • Production
    • Oil
      • Initial production phase (2000 to 2002)
      • Syncrude production phase (2002 to present)
      • Future oil production
    • Gas
    • Water production
  • Development
    • Phase 1 drilling
    • Phase 2 drilling
    • Future drilling
    • Enhanced oil recovery (EOR)
  • Infrastructure
    • Field facilities
    • Transport and storage
    • Upgrader
  • Costs
    • Operating costs
  • Sales contracts
    • Extra-heavy oil
    • Syncrude
  • 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
    • Indicative technical valuations

In this report there are 21 tables or charts, including:

  • Key facts
    • Key facts: Table 1
  • Summary and key issues
  • Location maps
    • Index Map
    • Detail Map
  • Participation
    • Participation: Table 1
  • Geology
    • Geology: Table 1
  • Exploration
  • Reserves and resources
    • Reserves and resources: Table 1
  • Production
    • Production: Table 1
    • Production: Table 2
    • Production Profile
  • Development
  • Infrastructure
  • Costs
    • Costs: Table 1
    • Costs: Table 2
    • Costs: Table 3
  • Sales contracts
  • Fiscal and regulatory
    • Fiscal and regulatory: Table 1
  • Economic assumptions
  • Economic analysis
    • 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 01/01/2017
    • Remaining Revenue Distribution (Discounted at 10% from 01/01/2017)
    • Remaining Present Value Price Sensitivities
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