Carabobo 2 Oil Field

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Venezuela Oil & Gas Fields

PDVSA Oil & Gas Fields

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Summary Information

  • Operator: PDVSA
  • Country: Venezuela
  • Location: Orinoco Oil Belt
  • Production start:
  • Partners: Rosneft
  • Type: Oil
  • Estimated Reserves: 30.6 Billion Barrels
  • Production Volume:


  • The Carabobo-2 project comprises the Karabobo-2 North and Carabobo-4 West blocks. They are situated in the Orinoco heavy oil belt and have a combined acreage of 342 sq km.
  • Operations will cover the whole deposit exploration and development cycle, as well as the construction of surface facilities and field pipelines.
  • There are also plans to construct a special processing facility (upgrader) with a capacity of 200,000 barrels a day (10 mln tonnes a year) to bring extracted oil up to commercial quality.
  • Commercial oil will be transported for export to the Araya port through a trunk pipeline


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  • 2007 - Reserves were quantified and certified
  • 2011 - Rosneft and PDVSA signed a memorandum of understanding
  • 2012 - Rosneft and PDVSA signed a JV agreement



  1. 30,660 million barrels of standard original oil in place in Block Carabobo 2
  2. Rosneft Takes an Important Step in Expanding into the Strategic Market of Venezuela
  3. Rosneft and Venezuelan Corporacion Venezolana del Petroleo Sign Joint Venture Agreement

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