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December 2, 2021updated 27 Apr 2022 12:21pm

Zuata Complex Heavy Oil Field, Venezuela

By Carmen

Zuata Complex is a producing heavy oil field located onshore Venezuela and is operated by Petro-Anzoategui. The field is located in block Junin Area – (Petroanzoategui).

Field participation details

The field is owned by Petroleos de Venezuela.


Production from Zuata Complex

The Zuata Complex heavy oil field recovered 81.09% of its total recoverable reserves, with peak production in 2015. The peak production was approximately 305 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2039. The field currently accounts for approximately 8% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 213.69 Mmboe, comprised of 213.69 Mmbbl of crude oil & condensate. Zuata Complex heavy oil field reserves accounts 0.49% 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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