Country report

Venezuela upstream summary

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Report summary

Venezuela is one of Latin America's key producers and an active member of OPEC. Oil production started in 1917 in the Maracaibo basin which was historically the country's most prolific area. In 2000 production from the Eastern Venezuela basin surpassed that of the Maracaibo basin for the first time. The largely undeveloped Orinoco Heavy Oil Belt holds most of the remaining oil potential and is one of the largest deposits of oil in the world.The oil and gas industry is highly ...

What's included

This report contains

  • Document

    Country Overview

    PDF 2.07 MB

  • Document

    Country Overview

    XLS 643.50 KB

  • Document

    Country Overview

    ZIP 2.57 MB

  • Document

    Executive summary

    PDF 78.59 KB

  • Document

    Key facts

    PDF 68.50 KB

  • Document

    Location maps

    PDF 191.08 KB

  • Document

    Key companies

    PDF 106.36 KB

  • Document

    Geology

    PDF 537.99 KB

  • Document

    Exploration

    PDF 728.67 KB

  • Document

    Reserves and resources

    PDF 107.35 KB

  • Document

    Production

    PDF 138.42 KB

  • Document

    Infrastructure

    PDF 603.75 KB

  • Document

    Policy and regulation

    PDF 142.62 KB

  • Document

    Fiscal terms

    PDF 148.72 KB

Table of contents

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
  • Geology
  • Exploration
  • Reserves and resources
  • Production
  • Infrastructure
  • Policy and regulation
  • Fiscal terms

Tables and charts

This report includes 33 images and tables including:

Images

  • Country Map
  • Remaining Commercial and Technical Reserves at 01/01/2017
  • Liquids and Gas Production 2017
  • Map of Venezuela's Basins
  • Maracaibo Basin Stratigraphic Column
  • Eastern Venezuela Basin Stratigraphic Column
  • Map showing location of original exploration PSC awards
  • Map showing location of marginal fields awarded
  • Faja blocks
  • Blocks Offered in the 2001 gas licensing round
  • Blocks in the 2005 Rafael Urdaneta licensing round
  • Drilling Activity by Well Type
  • Liquid Production by Basin
  • Eastern Venezuela Oil Infrastructure Map
  • Western Venezuela Oil Infrastructure Map
  • Eastern Venezuela Gas Infrastructure Map
  • Western Venezuela Gas Infrastructure Map
  • Evolution of PDVSA to 1997

Tables

  • Key facts: Table 1
  • Reserves and resources: Table 1
  • Reserves and resources: Table 2
  • Fiscal terms: Table 1
  • Fiscal terms: Table 2
  • Fiscal terms: Table 3
  • Reserves and resources: Table 3
  • Production: Table 1
  • Production: Table 2
  • Production: Table 3
  • Production: Table 4
  • Infrastructure: Table 1
  • Infrastructure: Table 2
  • Infrastructure: Table 3
  • GEM models

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