Lagunillas Oil Field (Venezuela)

From Global Energy Monitor
This article is part of the Global Oil and Gas Extraction Tracker, a Global Energy Monitor project.
Report an error
Related categories:

Lagunillas Oil Field is an operating oil field in Venezuela.

Along with Bachaquero Oil Field (Venezuela), Barúa Oil Field (Venezuela), Tía Juana Oil Field (Venezuela), and Ambrosio Oil and Gas Field (Venezuela), Lagunillas Oil Field is a part of the Bolivar Coastal Fields complex.

Project Details

Main Data

Table 1: Field-level project details for Lagunillas Oil Field

1Final Investment Decision
Unit name Status Operator Owner Discovery year FID1 year Production start year Production type
Lagunillas Operating[1] Petrolera Bielovenezolana[2] PDVSA (60.0%); Belorusneft (40.0%)[2][3] 1925[4]

Production and Reserves

Table 2: Reserves of Lagunillas Oil Field

million bbl = million barrels of oil
Fuel description Reserves classification Quantity Units Data year Source
oil 1P reserves 2063 million bbl 2015 [5]
oil oil in place 43577 million bbl 2021 [1]
oil EUR 9219 million bbl 2021 [1]
oil remaining recoverable reserves 1778 million bbl 2021 [1]
total liquids 1P reserves 2501 million bbl 2004 [6]

Table 3: Production from Lagunillas Oil Field

million bbl/y = million barrels of oil per year
million bbl = million barrels of oil
Category Fuel description Quantity Units Data year Source
cumulative production oil 7441 million bbl 2021 [1]
production oil 39.06 million bbl/y 2014 [7]
production oil 29.2 million bbl/y 2015 [5]
production total liquids 51.47 million bbl/y 2004 [6]

Location

Table 4: Field-level location details for Lagunillas Oil Field

Location Onshore/Offshore Coordinates (WGS 84)
Onshore, Venezuela[8] Onshore[9] 9.8179, -71.0365 (approximate)[8]

The map below shows the approximate location of the field(s) within the Bolivar Coastal Fields complex:

Loading map...

Articles and Resources

Additional Data

To access additional data, including an interactive map of oil and gas extraction sites, a downloadable dataset, and summary data, please visit the Global Oil and Gas Extraction Tracker on the Global Energy Monitor website.

References

  1. 1.0 1.1 1.2 1.3 1.4 Rafael Sandrea, Martin Essenfeld (2021). "The Future of Venezuela's Oil Industry" (PDF). Eprinc. Archived (PDF) from the original on December 18, 2023. Retrieved December 15, 2023.
  2. 2.0 2.1 Francisco Monaldi, Igor Hernández, José la Rosa (43862). "The Collapse of the Venezuelan Oil Industry: The Role of Above-Ground Risks Limiting FDI" (PDF). Baker Institute. Archived (PDF) from the original on April 4, 2024. Retrieved April 4, 2024. {{cite web}}: Check date values in: |date= (help)CS1 maint: multiple names: authors list (link)
  3. https://web.archive.org/web/20240408215231/https://www.belarus.by/en/business/business-news/belorusneft-specialists-discover-new-oil-deposit-in-venezuela_i_17837.html. Archived from the original on 08 April 2024. {{cite web}}: Check date values in: |archive-date= (help); Missing or empty |title= (help)
  4. PDVSA 2004 20F, http://edocs.nps.edu/AR/topic/theses/2004/May/04May_Light.pdf
  5. 5.0 5.1 "PETRÓLEOS DE VENEZUELA, S.A. EX-99.T3". U.S. Securities and Exchange Commission. October 1, 2016. Archived from the original on March 31, 2021. Retrieved March 31, 2021.
  6. 6.0 6.1 "United States Securities And Exchange Commission Form 20F" (PDF). U.S. Securities and Exchange Commission. November 17, 2020. Archived (PDF) from the original on June 2, 2021. Retrieved March 17, 2021.
  7. "Petróleo y Otros Datos Estadísticos (PODE) 2014" (PDF). 2014. Archived (PDF) from the original on September 17, 2021.
  8. 8.0 8.1 https://www.semanticscholar.org/paper/Geology-behind-barbed-wire%3A-James-Alfred-Richardson-Howarth/720092630ae2b774ff60cb5b49d3d3f7ee704d78. {{cite web}}: Missing or empty |title= (help)
  9. Natural Earth. 45078 https://www.naturalearthdata.com/downloads/10m-physical-vectors/10m-land/. Archived from the original on June 29, 2023. Retrieved June 29, 2023. {{cite web}}: Check date values in: |date= (help); Missing or empty |title= (help)