Assets

Joint Venture Petroboscán

inepetrol has been a key partner in the development of the Boscán field since its inception

Joint venture Petroboscán

In 1995, Inepetrol acquired a minority stake, in partnership with Chevron, in the Boscán Operating Agreement. The initial field production of 83,000 BPD was increased to 106,000 BPD through an investment of over US $500 million, made in accordance with the terms of the agreement.

In 2005, the migration process began toward the creation of the PetroBoscán mixed enterprise, with a 60% stake held by CVP, 39.2% by Chevron, and 0.8% by Inepetrol, which was finalized during that period. As part of this process, the crude oil production period was extended until 2026, and subsequently until 2041. Proven reserves are estimated at 1.6 billion barrels of 10° API heavy crude.
Oil and Gas
The proven reserves of the Boscán field are estimated at 1.6 billion barrels of heavy crude oil with an API gravity of 10°.
Joint Venture
Chevron de Venezuela acts as operator and marketer of the mixed company under an agreement established between the Venezuelan State and the B partners.
Development Plan
Drain the remaining proven reserves of the Boscán field, optimizing the existing infrastructure underground and on the surface. Studies are carried out to identify new areas and the incorporation of new reserves, and we are working to achieve leadership in Venezuela in terms of operational excellence.
Our Assets