Green Car Congress
OCTOBER 18, 2009
Italian oil major Eni made a world class gas discovery at its Perla field, in the shallow water of the Venezuelan offshore, successfully drilling an explorative well in the Perla field, located in the Cardon IV block, in the Gulf of Venezuela. The Venezuelan state company Petróleos de Venezuela S.A. interest in the project.
Green Car Congress
MARCH 17, 2013
PetroJunín, joint venture formed by PDVSA (60%) and Eni (40%), has started production from the Junín-5 giant heavy oil field, located in the Faja del Orinoco—the area with the largest untapped hydrocarbon reserves in the world, according to Eni. Junin 5 block in the Orinoco. Source: Eni. Click to enlarge. Deepwater Angola.
Green Car Congress
JUNE 4, 2013
Venezuela’s PDVSA signed a $4.0-billion, billion, 8-year loan agreement with China Development Bank (CDB) for boosting production at the Sinovensa heavy oil joint venture in the Orinoco belt from 140,000 barrels per day to 330,000 barrels per day by 2016. Venezuela will also receive two other loans from China: one for $1.5
Green Car Congress
AUGUST 20, 2019
The process can extract hydrogen from existing oil sands reservoirs, with huge existing supplies found in Canada and Venezuela. This heat causes the nearby hydrocarbons—and any surrounding water molecules—to break apart (thermolysis).Thermolysis, This compares with current H 2 production costs of around $2/kilo.
Green Car Congress
JUNE 23, 2011
Chevron’s focus on optimizing the thermal management of the Kern River field has resulted in a steady drop in the steam:oil ratio (barrels steam water per barrel oil), resulting in improved economics of the field even with slowly declining production. Current product flow at Kern River field. Data: California DOGGR.
Green Car Congress
JANUARY 7, 2018
Wood Mackenzie currently expects around 350,000-400,000 b/d of oil production (just oil, not factoring in natural gas) by 2026 from there. ExxonMobil affiliate Esso Exploration and Production Guyana Ltd. The well was safely drilled to 21,161 feet (6,450 meters) depth in 8,973 feet (2,735 meters) of water.
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