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December 2, 2021updated 27 Apr 2022 12:44pm

Junin-4 (Petrourica) Heavy Oil Field, Venezuela

By Carmen

Junin-4 (Petrourica) is a producing heavy oil field located onshore Venezuela and is operated by Petrourica. The field is located in block Junin Block 4.

Field participation details

The field is owned by Petroleos de Venezuela and China National Petroleum.


Production from Junin-4 (Petrourica)

The Junin-4 (Petrourica) heavy oil field recovered 87.34% of its total recoverable reserves, with peak production in 2017. The peak production was approximately 97.61 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2033. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 21.87 Mmboe, comprised of 21.87 Mmbbl of crude oil & condensate. Junin-4 (Petrourica) heavy oil field reserves accounts 0.05% of total remaining reserves of producing heavy oil fields globally.


Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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