Budare Oil Field (Venezuela)

This article is part of the Global Oil and Gas Extraction Tracker, a Global Energy Monitor project.

Report an error

Related categories:

Oil and gas extraction Oil and gas pipelines LNG terminals

Budare Oil Field is an operating oil field in Venezuela.

Project Details

Main Data

Table 1: Field-level project details for Budare Oil Field

¹Final Investment Decision

Unit name	Status	Operator	Owner	Discovery year	FID1 year	Production start year	Production type
Budare	operating	–	–	1959	–	–	–

Production and Reserves

Table 2: Reserves of Budare Oil Field

million bbl = million barrels of oil

Fuel description	Reserves classification	Quantity	Units	Data year	Source
oil	EUR	100.0	million bbl	2000	​
oil	remaining recoverable reserves	101.0	million bbl	2021	​
oil	oil in place	891.0	million bbl	2021	​
oil	EUR	270.0	million bbl	2021	​

Table 3: Production from Budare Oil Field

million bbl/y = million barrels of oil per year
million bbl = million barrels of oil

Category	Fuel description	Quantity	Units	Data year	Source
cumulative production	oil	66.0	million bbl	1987	​
cumulative production	oil	169.0	million bbl	2021	​
production	oil	0.61	million bbl/y	2014	​

Location

Table 4: Field-level location details for Budare Oil Field

Basin	Location	Onshore/Offshore	Coordinates (WGS 84)
Maturin	onshore, Venezuela	onshore	9.0827, -62.2782 (exact)

The map below shows the exact location of Budare Oil Field:

Loading map...

{"type":"ROADMAP","minzoom":false,"maxzoom":false,"types":["ROADMAP","SATELLITE","HYBRID","TERRAIN"],"mappingservice":"googlemaps3","width":"600px","height":"500px","centre":{"text":"","title":"","link":"","lat":9.082665727423134,"lon":-62.278199117828606,"icon":""},"title":"","label":"","icon":"","lines":[],"polygons":[{"text":"","title":"","link":"","strokeColor":"yellow","strokeOpacity":"1","strokeWeight":"2","pos":[{"lat":9.09645196253998,"lon":-62.2664483300048},{"lat":9.08975967267595,"lon":-62.2547368227427},{"lat":9.07553855671489,"lon":-62.2547368227427},{"lat":9.06299051321983,"lon":-62.2781598372668},{"lat":9.07637509294789,"lon":-62.3024193880239},{"lat":9.09226928137496,"lon":-62.3007463155579},{"lat":9.101471179938,"lon":-62.2739771561018}],"onlyVisibleOnHover":false,"fillColor":"yellow","fillOpacity":"0.1"}],"circles":[],"rectangles":[],"copycoords":false,"static":false,"visitedicon":"","wmsoverlay":false,"zoom":7,"layers":[],"controls":["pan","zoom","type","scale","streetview","rotate"],"zoomstyle":"DEFAULT","typestyle":"DEFAULT","autoinfowindows":false,"resizable":false,"kmlrezoom":false,"poi":true,"cluster":false,"clustergridsize":60,"clustermaxzoom":20,"clusterzoomonclick":true,"clusteraveragecenter":true,"clusterminsize":2,"imageoverlays":[],"kml":[],"gkml":[],"searchmarkers":"","fullscreen":false,"scrollwheelzoom":false,"locations":[{"text":"","title":"","link":"","lat":9.0827,"lon":-62.2782,"icon":"","inlineLabel":"Budare Oil Field\n"}]}

Articles and Resources

Additional Data

To access additional data, including an interactive map of oil and gas extraction sites, a downloadable dataset, and summary data, please visit the Global Oil and Gas Extraction Tracker on the Global Energy Monitor website.