Assets

Joint Venture Petrolera Güiria

Venezuela created the Petrolera Güiria joint venture in 2007 to develop the Corocoro and Punta Sur oil fields in the Gulf of Paria

Joint Venture Petrolera Güiria

In 1996, Inepetrol, through the East Paria Gulf Association Agreement, began exploration in the southern area of ​​the Paria Gulf. This exploration confirmed the extent of hydrocarbon accumulations at Punta Sur, including an extension into the Corocoro field and the discovery of Delfín. Furthermore, the Tintorera and Serpientes prospects were identified.

In 2007, as part of the migration process to mixed companies promoted by the National Executive of Venezuela, Petrolera Güiria was created. The company has the participation of the Venezuelan Petroleum Corporation (CVP) with 64.25%, ENI with 19.50%, and Ine Oil & Gas (Inepetrol) with 16.25%.

The mixed company submitted to the Ministry of Popular Power of Petroleum the approval of 28.6 MMBN of remaining proven reserves, both for the Punta Sur field and the extension of the Corocoro field. The development plan focuses on the characterization of the exploratory prospects, the technical-economic evaluation of the Punta Sur field deposits, and the extension of the Corocoro field for possible commercial exploitation benefiting from the available facilities in the Corocoro field.
Oil and Gas
The estimated volume of original oil in place (POES) is 161 million barrels for the Las Piedras reservoirs and 58 to 174 million barrels for the Pedernales reservoirs, a member of the La Pica formation.
Joint Venture
The joint development of the Corocoro and Punta Sur fields would achieve a sustained production level of about 120,000 barrels per day.
Development Plan
The planned infrastructure includes the construction of central well platforms that will connect with the existing infrastructure in the Corocoro field of the Petrosucre joint venture.
Our Assets