Santa Barbara is a producing conventional oil field located onshore Venezuela and is operated by Petroleos de Venezuela.
Field participation details
The field is owned by Petroleos de Venezuela.
Production from Santa Barbara
The Santa Barbara conventional oil field recovered 78.44% of its total recoverable reserves, with peak production in 1998. The peak production was approximately 222.78 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2046. The field currently accounts for approximately 15% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 406.95 Mmboe, comprised of 406.95 Mmbbl of crude oil & condensate. Santa Barbara conventional oil field reserves accounts 0.09% of total remaining reserves of producing conventional oil fields globally.
About Petroleos de Venezuela
Petroleos de Venezuela SA (PDVSA) is a state-owned oil and gas company. It plans, coordinates, supervises, and controls the activities in the entire oil and gas value chain. The company explores for and develops oil and other hydrocarbons; refines, trades, and supplies products in domestic and overseas markets. PDVSA administers refineries, marketing and transportation of crude oil and refined products in various countries. The company markets refined petroleum products under PDV brand in Venezuela and CITGO brand across Eastern and Mid-western regions of the US. PDVSA is headquartered in Caracas, Venezuela.
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.