Al Fatah University

Faculty of Engineering
Petroleum Engineering Department
Petroleum Seminar

OIL Industry inVenzuela

Prepared by

Khalid S. Helal & Rana M. Bani

SUPERVISED BY
DR.RHUMA M. KHULUD

Fall 2008
INTRODUCTION

Venezuela is situated in the north

side of South America. It has
borders with the Caribbean Sea
and the North Atlantic Ocean,
between Colombia, Brazil and
Guyana (as shown in the figure),
 Caribbean
Sea

Venezuela

Colombi
a

Brazi
INTRODUCTION

with an area of 912,050 Km2

(352,143 miles2), Venezuela has
reached a population of 27.46
Million inhabitants in 2007.

Venezuela independence in 5th of

July 1811 (from Spain), and the
government is federal republic.
History of oil
industry
1917:- The first commercial
drilling of petroleum.

1924 to 1934:- Oil jumped from

31% of exports to 91%.

1975:- president perez proposal

formed the core of 1975 law that
nationalized the oil industry.
History of oil
industry
1977:- The
1917:- The
government
first commercial
created a
drilling of
holding company,
petroleum.
PDVSA, to serve
as the umbrella organization for
1924 major
four to 1934:-
petroleum-producing
Oil jumped from
31% of exports to 91%.
affiliates.

1984:- president
1975:- Start of perez
injection
proposal
wells
formed the core
because reservoir
of 1975 pressure
law that
nationalized the oil industry.
decline.
History of oil
industry
1977:- The government
1988:- Venezuela for the created a
first time
exportedcompany,
holding more refined
PDVSA, petroleum
to serve
than
as thecrude.
umbrella organization for
four major petroleum-producing
1990:- Venezuela ranked as the
affiliates.
third leading oil exporter, after
Saudi Arabia and Iran, (contained
1984:-
at leastStart
7% ofofproven
injection
worldwells
oil
because
reserves). reservoir pressure
decline.
1995:- OPEC & Venezuela decided
History of oil
industry
2003:- Venezuela
1988:- Oil production
for the first
decline
time
exportedPDVSA
because more refined
strike. petroleum
than crude.
2005-2007:- the oil production
1990:- Venezuela
started inclining after
rankedtheasstrike
the is
third leading oil exporter, after
over.
Saudi Arabia and Iran, (contained
at least 7% of proven world oil
reserves).
1995:- OPEC & Venezuela decided
Venezuela Oil Reserve
Oil Reserve:

Venezuela had 99.377 Billion

barrels of proven conventional oil
reserves (2007), the largest
amount in the Western
Hemisphere.

This estimate, however, does not

include substantial extra-heavy
and bitumen deposits, which could
Oil reserve{Bbbl) Crude oil reserve history

Year
 Crude Oil Reserve in Major
Countries

Venezuela reserves is
about 80.01 Bbbl and
contributing with 6.62% of
Oil reserve{Bbbl)

TWOR
major Oil fields in Venezuela.
Venezuela Oil
Production
 Crude Oil Production in Major
Countries

Venezuela at Rank 8 in
World Oil Producing
Countries with 2.6 MM bbl/D
Oil Production(MM
bbl/D)
 Crude oil production history
Oil production{MMbbl/D)
main oil companies in Venezuela
Venezuela Oil Export
Oil Export

Venezuela exported 2.02 million

bbl/d of oil and petroleum
products in 2007 The United
States is the most important
destination for these exports,
receiving 68 % of total oil exports.
In recent years, Venezuela has
ranked consistently as one of the
four top sources of U.S. petroleum
Oil production{Mbbl/D)
Crude oil Export
 Crude oil production and Export
Oil production{Mbbl/D)
Venezuela Oil Refining
Oil Refining
According
PDVSA operates
to OGJ,
oneVenezuela
of the largest
has
1.28
refining
million
networks
barrels in
perthe
dayWestern
(bbl/d)
of
Hemisphere.
crude oil refining capacity, all
operated by PDVSA.
 PUERTO DE LA
PARAGUANA
CRUZ
REFINING CENTER
195MBBL/D
955MBBL/D
EL PALITO
126MBBL/D

San Roque
5.2Mbbl/d
Petrochemicals
Venezuela
Petrochemical

There are three major

petrochemical complexes in
Venezuela were at:

3. El Tablazo in Zulia.

5. Moron in carabobo.

7. Jose in Anzoategue.
 WHAT IS AFTER
Tar Sand & Heavy
CONVENTIONAL OIL Oil

?
Reserve
s
oil sands reserves approximately
equal to the world's total reserves
of conventional crude oil. As a
result of the development of
Canadian oil sands reserves,
Venezuelan production is very
large,

Oil sands may represent as much

Reserve
s Between the Canadian and
Venezuelan deposits contain
about 3.6 trillion barrels of oil in
place, compared to 1.75 trillion
barrels of conventional oil
worldwide, most of it in Saudi
Arabia and other Middle-Eastern
countries.
Transportation and refining

oil sands are now being mined on

a vast scale to extract the
bitumen, which is then converted
into synthetic oil (syncrude) by
bitumen upgraders, or refined
directly into petroleum products
by specialized refineries.
 The dominant of U.S
companies of Venezuelan tar
sand deposits.
In Venezuela there are four projects in
Orinoco deposit:-

• Cerro Negro project, operated by

Exxon-Mobil.
• Ameriven project (Hamaca),
operated by Philips and Texaco.
• Petrozuata project, operated by
Conoco.
• Sincor project, co-operated by
totalFinaElf, Stateoil and PDVSA.
New production Technologies
 r i n o c o
a d el O
Faj
Comparison between LUSELAND and
FAJA
Thank You !