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

*Final Investment Decision
Unit name Status Operator Owner Discovery year FID* year Production start year
Corocoro Operating[1] PetroSucre[2] PDVSA (74.0%); Eni S.P.A. (26.0%)[3] 1998[4] 2008[5]

Production and Reserves

Table 2: Reserves of Corocoro Oil Field

million bbl = million barrels of oil
Fuel Description Reserve Classification Quantity Units Data Year Source
oil 1P reserves 145 million bbl 2015 [4]
oil oil in place 1088 million bbl 2021 [1]
oil EUR 210 million bbl 2021 [1]
oil proven reserves 135 million bbl 2016 [6]
oil remaining recoverable reserves 125 million bbl 2021 [1]

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 million bbl 2021 [1]
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]

Location

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

Location Coordinates (WGS 84)
Offshore, Venezuela[7] 10.1429, -62.4758 (exact)[7]

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 1.2 1.3 1.4 Rafael Sandrea, Martin Essenfeld (2021). "The Future of Venezuela's Oil Industry" (PDF). Eprinc. Archived (PDF) from the original on December 18, 2023. Retrieved December 15, 2023.
  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. https://www.eni.com/en-IT/global-presence/americas/venezuela.html https://www.eni.com/en-IT/media/press-release/2015/07/eni-starts-production-at-perla-giant-gas-field-offshore-venezuela.html, https://www.eni.com/en-IT/global-presence/americas/venezuela.html. {{cite web}}: Check |url= value (help); Missing or empty |title= (help)
  4. 4.0 4.1 4.2 "PETRÓLEOS DE VENEZUELA, S.A. EX-99.T3". U.S. Securities and Exchange Commission. October 1, 2016. Archived from the original on March 31, 2021. Retrieved March 31, 2021.
  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 PDVSA (2016). "Informe de Gestion Anual 2016" (PDF). PDVSA. Archived (PDF) from the original on December 19, 2023. Retrieved December 18, 2023.
  7. 7.0 7.1 Fredrik Robelius (2007). "Giant Oil Fields – The Highway to Oil" (PDF). Uppsala University. Archived (PDF) from the original on April 19, 2020. Retrieved April 13, 2021.