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Corocoro Oil Field
Corocoro is a subsea oil field in the Gulf of Paria offshore of Venezuela. It was discovered in 1999, and was productive from 2007 to 2019, when production ceased as a result of United States sanctions on Venezuelan state oil company PDVSA. Following exploration off the coast of Venezuela, ConocoPhillips was awarded rights to a parcel in the western Gulf of Paria in 1996, and discovered oil at Corocoro in early 1999, when a deep test drilling in the southwestern Gulf located three discrete oil sources and a separate natural gas reserve. ConocoPhillips led a consortium to develop the field, which received an initial approval from the Venezuelan government in April 2003 and planned to invest about $480 million in Corocoro with a target production of 55,000 barrels/day within three years from reserves of about 100 million barrels. Under the original plan, wells would have been drilled in late 2004, but shortly after Venezuela approved the project it revoked permission, citing con ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oil Field
A petroleum reservoir or oil and gas reservoir is a subsurface accumulation of hydrocarbons contained in porous or fractured rock formations. Such reservoirs form when kerogen (ancient plant matter) is created in surrounding rock by the presence of high heat and pressure in the Earth's crust. Petroleum reservoirs are broadly classified as ''conventional'' and '' unconventional'' reservoirs. In conventional reservoirs, the naturally occurring hydrocarbons, such as crude oil or natural gas, are trapped by overlying rock formations with lower permeability, while in unconventional reservoirs, the rocks have high porosity and low permeability, which keeps the hydrocarbons trapped in place, therefore not requiring a cap rock. Reservoirs are found using hydrocarbon exploration methods. Oil field An oil field is an area of accumulation of liquid oil underground in multiple (potentially linked) reservoirs, trapped as it rises by impermeable rock formations. In industrial terms, an o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gulf Of Paria
The Gulf of Paria ( ; es, Golfo de Paria) is a shallow (180 m at its deepest) semi-enclosed inland sea located between the island of Trinidad (Republic of Trinidad and Tobago) and the east coast of Venezuela. It separates the two countries by as little as 15 km at its narrowest and 120 km at its widest points. The tides within the Gulf are semi-diurnal in nature with a range of approximately 1m. The Gulf of Paria is considered to be one of the best natural harbors on the Atlantic coast of the Americas. The jurisdiction of the Gulf of Paria is split between Trinidad and Tobago and Venezuela with Trinidad and Tobago having control over approximately (37.7%) and Venezuela the remainder (62.3%). It was originally named the Gulf of the Whale ( es, Golfo de la Ballena) by Christopher Columbus, but the 19th-century whaling industry eliminated whales from the area and populations have never recovered. Cartographic sources of the late 18th century repeatedly refer to it a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PDVSA
Petróleos de Venezuela, S.A. (PDVSA, ) (English: Petroleum of Venezuela) is the Venezuelan state-owned oil and natural gas company. It has activities in exploration, production, refining and exporting oil as well as exploration and production of natural gas. Since its founding on 1 January 1976 with the nationalization of the Venezuelan oil industry, PDVSA has dominated the oil industry of Venezuela, the world's fifth largest oil exporter. Oil reserves in Venezuela are the largest in the world and the state-owned PDVSA provides the government of Venezuela with substantial funding resources. Following the Bolivarian Revolution, PDVSA was mainly used as a vital source of income for the Venezuelan government. Profits were also used to assist the presidency, with funds directed towards allies of the Venezuelan government. With PDVSA focusing on political projects instead of oil production, mechanical and technical statuses deteriorated while employee expertise was removed followin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ConocoPhillips
ConocoPhillips Company is an American multinational corporation engaged in hydrocarbon exploration and production. It is based in the Energy Corridor district of Houston, Texas. The company has operations in 15 countries and has production in the United States (49% of 2019 production), Norway (10% of 2019 production), Canada (5% of 2019 production), Australia (12% of 2019 production), Indonesia (4% of 2019 production), Malaysia (4% of 2019 production), Libya (3% of 2019 production), China (3% of 2019 production), and Qatar (6% of 2019 production). The company's production in the United States included production in Alaska, the Eagle Ford Group, the Permian Basin (North America), Permian Basin, the Bakken Formation, the Gulf of Mexico and the Anadarko Basin. Approximately 1/3 of the company's U.S. production is in Alaska, where it has operations in the Cook Inlet Area, the Alpine oil field off the Colville River (Alaska), Colville River, and the Kuparuk oil field and Prudhoe Bay ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CPC Corporation
CPC Corporation () is a state-owned petroleum, natural gas, and gasoline company in Taiwan and is the core of the Taiwanese petrochemicals industry. History Early history CPC was founded on 1 June 1946 in Shanghai as Chinese Petroleum Corporation (中國石油) by the government of the Republic of China (ROC, then on Mainland China). With the Kuomintang's retreat to Taiwan after the Chinese Civil War, CPC was transferred from the Council of Resources to the Ministry of Economic Affairs. The company merged all relevant facilities and companies (Japanese 6th Naval Fuel Depot, Teikoku Oil, Nippon Oil, etc.) in Taiwan. Its main businesses include surveying, extracting, refining, transporting, and selling petroleum. It also produces various chemicals and has retail outlets all over Taiwan. CPC's fixing of petrol prices helped Taiwan through the 1970s Energy Crisis. Democratization and modern history Taiwan's petroleum industry was a CPC monopoly prior to June 1996. However, dere ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Citgo
Citgo Petroleum Corporation (or Citgo, stylized as CITGO) is a United States–based refiner, transporter and marketer of transportation fuels, lubricants, petrochemicals and other industrial products. Headquartered in the Energy Corridor area of Houston, it is majority-owned by PDVSA, a state-owned company of the Venezuelan government (although due to U.S. sanctions in 2019, they no longer economically benefit from Citgo). History Cities Service period The company traces its heritage back to the early 1900s and oil entrepreneur Henry Latham Doherty. After quickly climbing the ladder of success in the manufactured gas and electric utility world, Doherty in 1910 created Cities Service Company to supply gas and electricity to small public utilities. He began by acquiring gas-producing properties in the mid-continent and southwest. The company then developed a pipeline system, tapping dozens of gas pools. To make this gas available to consumers, Doherty moved to acquire distr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
FSO Nabarima
FSO ''Nabarima'' is a floating storage and offloading vessel that is permanently moored offshore of Venezuela at the Corocoro oil field in the Gulf of Paria, located between Venezuela and the island of Trinidad. After production at Corocoro ceased in 2019 following United States sanctions on the Venezuelan state oil company Petróleos de Venezuela (PDVSA) and following years of neglect, ''Nabarima'' fell into a state of disrepair, and was reported in 2020 to be at risk of spilling her cargo of about 1.3 million barrels of crude oil. Description FSO ''Nabarima'' is a floating storage and offloading vessel, without motors, that is permanently moored offshore of Venezuela at the Corocoro oil field in the Gulf of Paria and whose main purpose was to receive the petroleum produced by the mixed company Petrowarao, in Delta Amacuro state. ''Nabarima'' used to be held with nine anchors and is connected to a long pipeline system. Operations ''Nabarima'', with a capacity of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oil Fields Of Venezuela
An oil is any polarity (chemistry), nonpolar chemical substance that is composed primarily of Hydrocarbon, hydrocarbons and is hydrophobe, hydrophobic (does not mix with water) & lipophilicity, lipophilic (mixes with other oils). Oils are usually flammable and surfactant, surface active. Most oils are unsaturated lipids that are liquid at room temperature. The general definition of oil includes classes of chemical compounds that may be otherwise unrelated in structure, properties, and uses. Oils may be animal fats, animal, vegetable oil, vegetable, or petrochemical in origin, and may be Volatility (chemistry), volatile or non-volatile. They are used for food (e.g., olive oil), fuel (e.g., heating oil), medical purposes (e.g., mineral oil), lubrication (e.g. motor oil), and the manufacture of many types of paints, plastics, and other materials. Specially prepared oils are used in some religious ceremonies and rituals as purifying agents. Etymology First attested in English 1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
