Carabobo Oil Field

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Venezuela Oil & Gas Fields

Inpex Oil & Gas Fields

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Summary Information

  • Operator: PDVSA
  • Country: Venezuela
  • Location:
  • Production start:
  • Partners: Chevron, Mitsubishi Corporation and Suelopetrol
  • Type: Heavy Oil
  • Estimated Reserves:
  • Production Volume:


  • The Project 3 is composed of three blocks (blocks C2 South, C3 North and C5) and it is situated in the Orinoco Oil Belt of Eastern Venezuela. Upon final agreement being reached, it is expected that the consortium will hold a 40% interest in the newly established joint company, which will produce up to a peak production level of over 400,000 barrels of oil per day.


  • 2010 - JV agreement for the project signed
  • 2012 - First oil production ceremony



  1. INPEX selected as the member of Venezuelan Carabobo development in the Orinoco Oil Belt blocks
  2. INPEX signs Joint Venture Agreement on the Carabobo Project 3 Development in Orinoco Oil Belt, Venezuela
  3. Repsol begins accelerated hydrocarbon production in the Orinoco Belt

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