Junin 6 Oil Field

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Venezuela Oil & Gas Fields

PDVSA Oil & Gas Fields

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Summary Information

  • Operator:
  • Country: Venezuela
  • Location:
  • Production start:
  • Partners: PDVSA 60%, Rosneft, Gazprom Neft, Lukoil, TNK-BP and Surgutneftegaz 40%
  • Type: Oil / Gas
  • Estimated Reserves: OIP - 8.5 billion tonnes
  • Production Volume:

Description

  • The geological reserves at the Junin-6 block are 52.6 billion barrels of oil, with 10.96 billion barrels recoverable. The block covers an area of 447.85 sq. km.
  • Total development costs for Junin-6 are estimated at nearly $25 billion.
  • The treatment system and oil production will be modular, developed in two (02) Trains of 60 MBPD and three (03) Trains of 120 MBPD in order to achieve a total production capacity of 480 MBPD of extra-heavy crude oil.
  • Crude is currently produced at Junin-6 at three wells. The joint venture plans to increase production to 20,000 barrels a day by the end of 2012 and subsequently to 50,000 barrels a day by mid-2013. Oil production is expected to peak at 450,000 barrels a day

Contractors

  • Technip: Conceptual engineering for collecting extra heavy oil production

History

  • 2009 - JV created to exploit the field
  • 2010 - The Board of Directors of NOC selected Gazprom Neft to lead project coordination on the Russian side
  • 2012 - First Oil Ceremony at Junin-6 Block in
  • 2014 - Rosneft acquired Lukoil's stake
  • 2015 - Record breaking horizontal well drilled

Geology

Links

  1. Technip Venezuela References
  2. Venezuela and Russia to create Joint Venture for project in block Junín 6
  3. Rosneft President Igor Sechin Takes Part in First Oil Ceremony at Junin-6 Block in Venezuela
  4. Oil Production Starts at the Junin-6 Block in Venezuela
  5. Rosneft Increases its Stake in the National Oil Consortium to 80% of Shares
  6. Rosneft and PDVSA Signed a Memorandum on Development of Priority Projects
  7. Rosneft Drills a Record-breaking Well in Venezuela
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