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 industry

of

oil
commercial

1917:The first 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 industry

of

oil

1977:1917:- The government created a The first commercial holding company, PDVSA, to serve drilling of petroleum. as the umbrella organization for four to 1934:- Oil jumped from 1924 major petroleum-producing affiliates. 31% of exports to 91%. 1984:- Start of injection wells 1975:- president perez proposal because formed the core of 1975 pressure reservoir law that decline. nationalized the oil industry.

History industry

of

oil

1977:- Venezuela for the created a 1988:- The government first time exported more refined petroleum holding company, PDVSA, to serve than crude. as the umbrella organization for four major petroleum-producing 1990:- Venezuela ranked as the affiliates. third leading oil exporter, after Saudi Arabia and Iran, (contained 1984:- Start of proven world oil of injection wells at least 7% because pressure reserves). reservoir decline. 1995:- OPEC & Venezuela decided

History industry

of

oil

2003:- Oil production decline 1988:- Venezuela for the first time because more strike. exportedPDVSArefined petroleum than crude. 2005-2007:- the oil production started inclining ranked as the 1990:- Venezuela after the strike is over. third leading oil exporter, after 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

Crude oil reserve history Oil reserve{Bbbl)

Year

Crude Oil Reserve in Major Countries

Oil reserve{Bbbl)

Venezuela reserves is about 80.01 Bbbl and contributing with 6.62% of TWOR

major Oil fields in Venezuela.

Venezuela Oil Production

Crude Oil Production in Major Countries

Oil Production(MM bbl/D)

Venezuela at Rank 8 in World Oil Producing Countries with 2.6 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 to OGJ, Venezuela has PDVSA operates one of the largest 1.28 million barrels in the Western refining networks per day (bbl/d) of crude oil refining capacity, all Hemisphere. operated by PDVSA.

PARAGUANA REFINING CENTER 955MBBL/D

PUERTO DE LA CRUZ 195MBBL/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 Oil CONVENTIONAL 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.

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.

The dominant of U.S companies of Venezuelan tar sand deposits.

New production Technologies

rinoco a del O Faj

Comparison between LUSELAND and FAJA

Thank You !

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