Country Venezuela Region Orinoco Belt Start of production 2011 | Offshore/onshore onshore Discovery 2010 | |
Current production of oil 400,000 barrels per day (~2.0×10^ t/a) Estimated oil in place 7000 million tonnes
(~ 8×10^ m or 50000 MMbbl) Operators PDVSA, Oil and Natural Gas Corporation, Indian Oil Corporation, Oil India, Repsol, PETRONAS | ||
The Carabobo-1 oil field is an oil field located in the Orinoco Belt. It was discovered in 2010 and developed by PDVSA. The oil field is operated and owned by PDVSA. The total proven reserves of the Carabobo-1 oil field are around 50 billion barrels (7.9×109 m3), and production is centered on 400,000 barrels per day (64,000 m3/d).
Indian state-owned company ONGC Videsh Ltd. (OVL) helped certify heavy oil reserves in the Orinoco river belt in 2010. In February 2010, an international consortium comprising OVL, Indian Oil Corporation (IOC), Oil India, Repsol of Spain and Petronas of Malaysia won a global bid to claim a 40% stake worth $1.05 billion in the Carabobo-1 oil field.
References
Carabobo-1 oil field Wikipedia(Text) CC BY-SA