(Bloomberg) -- The men step out of the van and act fast. As one stands guard, the others approach an oil pump and remove filler plugs. They drain the viscous liquid into buckets that they stack in ...

Venezuela is postponing bidding among foreign oil companies for contracts to exploit seven areas within its heavy-oil-producing Orinoco belt. IE 11 is not supported. For an optimal experience ...

Venezuela and China agreed on 19 April to form a joint venture to explore the extra-heavy crude in the Junin 4 block of the Orinoco Belt - a project that could require as much as US$16.3 million ...

The Cardón refinery, Venezuela's second-largest with a capacity of 310,000 barrels per day, shut down after a power outage ...

PDVSA Pres. Rafael Ramirez said the Orinoco belt is producing more than 532,000 b/d of 16-32° gravity oil (OGJ Online, Jan. 6, 2010).

Map of Orinoco oil belt by USGS, October 2009. In this article, I attempt to tackle the question of how much oil Venezuela could produce in the short term. That is, if restrictions by the US ...

The Orinoco Mining Belt. A project which, just taking into account the gold reserves of the area, represents more than 200 billion dollars. The fever for gold showed its initial symptoms in that ...

Most of Venezuela's proved oil reserves consists of extra-heavy crude oil in the Orinoco Belt. That oil requires a higher level of technical expertise to develop, which international companies ...

PetroSA, South Africa's state-owned oil company, plans to explore for oil in Venezuela's Orinoco belt to help supply a proposed $11 billion refinery.

Orinoco Belt polymer flooding evaluations in multi-Darcy sand packs were reported in 2013 using representative lithology, reservoir brine with 7,169 total dissolved solids (TDS), injection water ...