Quiriquire (E.M):
Onshore crude asset located in the Maturin basin. The Company holds a 40% working interest.
Located south of the Caribbean sea, Venezuela is highly rich in natural resources. As a founding member of the Organization of Petroleum Exporting Countries, Venezuela is both a producer and an exporter of this energy resource, and is a world leader in exports of natural gas, liquefied gas, butane, and propane.
We came to Venezuela in 1993 to develop our Upstream business through different projects spread out across the country. Since then, we have been managing several crude and gas assets there in the development and production phase, which has enabled us to gain vast experience in light and medium crude, and associated and non-associated gas. Some examples of this include our work with offshore gas in the Perla Field, the crude development projects in Petrocarabobo, and the exploration and exploitation of gaseous hydrocarbons in the Quiriquire block.
Main figures, lines of action, and facilities map
Main projects
Perla project
The Perla Field has been considered one of Repsol’s greatest discoveries since 2015, and it's one of Latin America’s largest offshore gas fields. Production is currently expected to reach 1.2 billion cubic feet of gas per day.
Quiriquire gas
We hold a 60% stake in the Monagas state. The area spans 93.15 km2 and has a license for the exploration and exploitation of non-associated gaseous hydrocarbons in the Quiriquire Profundo block.
Petrocarabobo
In this area spanning 382.86 km2 work is being carried out to develop heavy crude reserves from the Carabobo Norte 1 and Carabobo 1 Centro areas as part of the Carabobo 1 project.
Petroquiriquire
We have a 40% stake in the Petroquiriquire joint venture, in the Venezuela Petroleum Corporation (CVP), which operates in the Quiriquire fields in Monagas state, and in Mene Grande and Barúa Motatán in the Zulia and Trujillos states respectively.
Ypergas
We hold a 15.001% stake in the license for the production of non-associated natural gas alongside other national and international companies to develop the Yucal Placer Norte and Sur blocks in Guárico state.
Other projects
Quiriquire (E.M):
Onshore crude asset located in the Maturin basin. The Company holds a 40% working interest.
Mene Grande:
Onshore crude asset in the Maracaibo basin. The Company holds a 40% working interest.
Barúa Motatán:
Onshore crude asset in the Maracaibo basin. Repsol holds a 40% working interest.
Contact
Centro Empresarial Norma
Address: Av. Ppal. de Lechería c/c Onoto Bis.
Lechería 6016. Estado Anzoátegui
Tel: +58 281 500.4700
Last updated: December 2022