Corocoro Oil Field (Venezuela)

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Corocoro Oil Field is an operating oil field in Venezuela.

Project Details

Main Data

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

1Final Investment Decision
Unit name Status Operator Owner Discovery year FID1 year Production start year Production type
Corocoro operating[1] PetroSucre[2] Eni SpA [26%]; Petróleos de Venezuela SA [74%][2][3][2][3] 1998[4] – 2008[5] –

Production and Reserves

Table 2: Reserves of Corocoro Oil Field

million bbl = million barrels of oil
Fuel description Reserves classification Quantity Units Data year Source
oil 1P reserves 145.0 million bbl 2015 ​[4]
oil proven reserves 135.0 million bbl 2016 ​[6]
oil oil in place 1088.0 million bbl 2021 ​[7]
oil remaining recoverable reserves 125.0 million bbl 2021 ​[7]
oil EUR 210.0 million bbl 2021 ​[7]

Table 3: Production from Corocoro 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 85.0 million bbl 2021 ​[7]
production oil 25.55 million bbl/y 2008 ​[5]
production oil 12.04 million bbl/y 2015 ​[4]
production oil 9.86 million bbl/y 2016 ​[6]
production oil 1.09 million bbl/y 2024 ​[1]

Location

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

Location Onshore/Offshore Coordinates (WGS 84)
offshore, Venezuela[8] offshore[7][9] 10.1429, -62.4758 (exact)[8]

The map below shows the exact location of the field:

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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.

References

  1. ↑ 1.0 1.1 https://web.archive.org/web/20250326012835/https://venezuelanalysis.com/news/venezuela-oil-production-remains-stagnated-pdvsa-welcomes-new-partners/. Archived from the original on 26 March 2025. {{cite web}}: Missing or empty |title= (help)
  2. ↑ 2.0 2.1 2.2 https://web.archive.org/web/20230323195010/https://www.eni.com/en-IT/media/press-release/2015/07/eni-starts-production-at-perla-giant-gas-field-offshore-venezuela.html. Archived from the original on 23 March 2023. {{cite web}}: Missing or empty |title= (help)
  3. ↑ 3.0 3.1 https://web.archive.org/web/20230308171348/http://www.eni.com/en-IT/global-presence/americas/venezuela.html. Archived from the original on 08 March 2023. {{cite web}}: Check date values in: |archive-date= (help); Missing or empty |title= (help)
  4. ↑ 4.0 4.1 4.2 https://web.archive.org/web/20230507230955/https://www.sec.gov/Archives/edgar/data/906424/000119312516712239/d171369dex99t3e.htm. Archived from the original on 07 May 2023. {{cite web}}: Check date values in: |archive-date= (help); Missing or empty |title= (help)
  5. ↑ 5.0 5.1 (PDF) https://web.archive.org/web/20230419102610/http://icsidfiles.worldbank.org/icsid/ICSIDBLOBS/OnlineAwards/C259/DS11957_En.pdf. Archived from the original (PDF) on 19 April 2023. {{cite web}}: Missing or empty |title= (help)
  6. ↑ 6.0 6.1 (PDF) http://www.pdvsa.com/images/pdf/Inversionistas/INFORMEDEGESTION2016.pdf. {{cite web}}: Missing or empty |title= (help)
  7. ↑ 7.0 7.1 7.2 7.3 7.4 (PDF) https://eprinc.org/wp-content/uploads/2021/09/The-Future-of-Venezuela%E2%80%99s-Oil-Industry.pdf. {{cite web}}: Missing or empty |title= (help)
  8. ↑ 8.0 8.1 (PDF) https://web.archive.org/web/20221007051745/http://uu.diva-portal.org/smash/get/diva2:169774/FULLTEXT01.pdf. Archived from the original (PDF) on 07 October 2022. {{cite web}}: Check date values in: |archive-date= (help); Missing or empty |title= (help)
  9. ↑ https://www.naturalearthdata.com/downloads/10m-physical-vectors/10m-ocean/. {{cite web}}: Missing or empty |title= (help)