President Hugo Chávez led celebrations of the takeover of the Orinoco Oil Belt which could convert Venezuela into the country with the largest oil reserves. "Welcome to the new PDVSA (Venezuela's ...

Among the more notable heavy oil reserves are: Venezuela's Orinoco Heavy Oil Belt; Canada's Athabasca Oil Sands; Russia's Volga-Ural Basin; Brazil's offshore Campos Basin; Alaska's Prudhoe Bay ...

In 1997, Mobil (later acquired by Exxon) and PDVSA entered into a strategic association agreement for an area of the Orinoco Oil Belt, the world’s largest crude reserve with an estimated 300 ...

situated in the expansive plains of the Orinoco Belt. Renowned as the world's largest repository of extra-heavy oil reserves, this field offers immense potential for scalable production.

Speaking at a meeting of his ministers broadcast on state television, Maduro said that the petro will be backed by five billion barrels in the Ayacucho block of the Orinoco Oil Belt. Based on the ...

EXTRA HEAVY OIL – VISCOSITY BEHAVIOR IN THE ORINOCO OIL BELT We continue to study the main heavy oil producing countries, and this time I present an area of significant technical interest ...