martinez wpc 10nov - uneceunece ad hoc group of experts on harmonization of energy reserves and...
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![Page 1: Martinez WPC 10Nov - UNECEUNECE Ad Hoc Group of Experts on Harmonization of Energy Reserves and Resources Terminology 2005 Aníbal R Martínez -----Ministry of Energy and Petroleum](https://reader033.vdocuments.us/reader033/viewer/2022050107/5f45b90a872f5f1d58147e82/html5/thumbnails/1.jpg)
UNECE Ad Hoc Group of Experts on Harmonization of Energy Reserves and
Resources Terminology
Venezuela –reserves and resources
Aníbal R MartínezGeneva 9.11.2005
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MARACAIBO
FALCONGOLFO
APURE
BARINAS
MATURIN
CARACOLITO
DELTA
MARGARITA
UNECE Ad Hoc Group of Experts on Harmonizationof Energy Reserves and Resources Terminology 2005
Aníbal R Martínez
Sedimentary basins of Venezuela
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UNECE Ad Hoc Group of Experts on Harmonization of Energy Reserves and Resources Terminology 2005
Aníbal R Martínez ----------------------------------------------------
Ministry of Energy and Petroleum decided on February 2005
to eliminate natural bitumen as a portion of petroleum
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UNECE Ad Hoc Group of Experts on Harmonization of Energy Reserves and Resources Terminology 2005
Aníbal R Martínez ----------------------------------------------------
Crude oil plus natural bitumen reserves of Venezuela
as of 31.12.2004 increased 0,5x109 m³ to
12,8x109 m³
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UNECE Ad Hoc Group of Experts on Harmonization of Energy Reserves and Resources Terminology 2005
Aníbal R Martínez ----------------------------------------------------
Natural gas reserves of Venezuela
as of 31.12.2004 only increased 0,1x109 m³ to
4,3x109 m³
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UNECE Ad Hoc Group of Experts on Harmonization of Energy Reserves and Resources Terminology 2005
Aníbal R Martínez ----------------------------------------------------
Exploration offshore the Orinoco river delta
(Plataforma Deltana Project, Eastern Venezuela)
for natural gas and condensate is proceeding successfully
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PLATAFORMA DELTANA
Cocuina-1
Macuira-1
Lorán-1Tajalí-1 Ballena-1
Dorado 1,2 Laulau-1
Orinoco-1
Guarao-1
Wells completed as of 30.6.2005
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•First well of Petróleos de Venzuela250 km offshore Dorado nº1
was big natural gas and condensate discovery
with multiple deposits below 3500 m; one test yielded
2x106 m³/day natural gas and 200 m³/day condensate
MRE/Frente, Río WPC17, 2002
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M A T U R I N
UNECE Ad Hoc Group of Experts on Harmonizationof Energy Reserves and Resources Terminology 2005
Aníbal R Martínez
Orinoco Belt field
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UNECE Ad Hoc Group of Experts on Harmonization of Energy Reserves and Resources Terminology 2005
Aníbal R Martínez ------------------------------------------------------------
The Orinoco Belt fieldis the largest petroleum
accumulation in the world
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UNECE Ad Hoc Group of Experts on Harmonization of Energy Reserves and Resources Terminology 2005
Aníbal R Martínez ------------------------------------------------------------
The volume of extraheavy crude oil-initially-in-place
in the field is 119x109 m³, and that of
natural bitumen-initially-in-place63x109 t.
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UNECE Ad Hoc Group of Experts on Harmonization of Energy Reserves and Resources Terminology 2005
Aníbal R Martínez
----------------------------------------------------------
There are 6 main producing areas in the field, which contain
80% of the petroleum-initially-in-place.
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UNECE Ad Hoc Group of Experts on Harmonization of Energy Reserves and Resources Terminology 2005
Aníbal R Martínez
----------------------------------------------------------
Four strategic associationsare producing 80 000 m³
extraheavy crude oilof 993/1014 kg³/m³ density,
upgraded to a product for export of904/871 kg³/m³ density*
*8/11 to 25/31º API
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UNECE Ad Hoc Group of Experts on Harmonization of Energy Reserves and Resources Terminology 2005
Aníbal R Martínez
----------------------------------------------------------
A volume of 50x106 m³natural bitumen
was produced during 1991-2002, for making of the new fuel
orimulsion.
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UNECE Ad Hoc Group of Experts on Harmonization of Energy Reserves and Resources Terminology 2005
Aníbal R Martínez ----------------------------------------------------
Government decided on July 2003to stop orimulsion sales expansion.
From 2004, natural bitumen production is included with
extraheavy crude oil production
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UNECE Ad Hoc Group of Experts on Harmonization of Energy Reserves and Resources Terminology 2005
Aníbal R Martínez ----------------------------------------------------
Petróleos de Venezuelasigned an agreement with ChNP
to construct a second orimulsion module in the Orinoco Belt field
for export to Chinaexclusively
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UNECE Ad Hoc Group of Experts on Harmonization of Energy Reserves and Resources Terminology 2005
Aníbal R Martínez ----------------------------------------------------
Orinoco Belt field(extraheavy crude oil)
Proven reserves 5,6x109 m ³ Unproven reserves 16x109 m ³
Contingent resources 22,4x109 m ³ Prospective resources 0,7x109 m ³
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UNECE Ad Hoc Group of Experts on Harmonization of Energy Reserves
and Resources Terminology 2005Aníbal R Martínez
----------------------------------------------------
Orinoco Belt field(natural bitumen)
Proven reserves 300x106 t Unproven reserves 600x106 t
Contingent resources 14,4x109 t
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UNECE Ad Hoc Group of Experts on Harmonization of Energy Reserves and Resources Terminology 2005
Aníbal R Martínez ----------------------------------------------------
Subcategory E1.2 of UNFCExceptional Economic
may in some areas be used for the hydrocarbons in the Orinoco Belt field
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UNECE Ad Hoc Group of Experts on Harmonization of Energy Reserves and Resources Terminology 2005
Aníbal R Martínez ----------------------------------------------------
Subcategory F1.1 of UNFC Project in Production
applies to all the four strategic associations
in operation in the Orinoco Belt field
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UNECE Ad Hoc Group of Experts on Harmonization of Energy Reserves and Resources Terminology 2005
Aníbal R Martínez ----------------------------------------------------
Subcategory G1 of UNFC Reasonably Assured Geological Conditions
applies to allthe Orinoco Belt field,
except for plays in the Espino graben
in the Zuata main producing area
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UNECE Ad Hoc Group of Experts on Harmonization of Energy Reserves and Resources Terminology 2005
Aníbal R Martínez ----------------------------------------------------
UNFC applied to Orinoco Belt field(extraheavy crude oil)
111 Proven reserves 5,6x109 m ³ 121 Unproven reserves 16x109 m ³
221 Contingent resources 22,4x109 m ³ 334 Prospective resources 0,7x109 m ³
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UNECE Ad Hoc Group of Experts on Harmonization of Energy Reserves
and Resources Terminology 2005Aníbal R Martínez
----------------------------------------------------
UNFC applied to Orinoco Belt field(natural bitumen)
111 Proven reserves 300x106 t 121 Unproven reserves 600x106 t
221 Contingent resources 14,4x109 t