Ayacucho (Petropiar) is a producing heavy oil field located onshore Venezuela and is operated by Petropiar. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Ayacucho Area (Petropiar, S.A.). Buy the profile here.

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Field participation details

The field is owned by Chevron and Petroleos de Venezuela.

Production from Ayacucho (Petropiar)

The Ayacucho (Petropiar) heavy oil field recovered 77.55% of its total recoverable reserves, with peak production in 2012. Based on economic assumptions, production will continue until the field reaches its economic limit in 2042. The field currently accounts for approximately 9% of the country’s daily output.

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This content was updated on 7 February 2024

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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.

This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.