Hydrocarbons Reserves in Venezuela

Diego J. González Cruz
Additional contact information
Diego J. González Cruz: Coordinator of the Venezuelan Institute of Petroleum and Mining Professor, Consultant and international lecturer

Energy & Environment, 2008, vol. 19, issue 8, 1161-1180

Abstract: Venezuela is an important player in the energy world because of its hydrocarbons reserves. The process for calculating oil and associated gas reserves is described bearing in mind that 90% of the gas reserves of Venezuela are associated to oil. An analysis is presented of oil reserves figures 1975–2003. Reference is made to inconsistencies in these data found by international experts and including changes that took place in the 1980s, and the explanations offered for these by the Ministry of Energy and Petroleum (MENPET) and Petróleos de Venezuela (PDVSA). The reserves of associated gas are analysed as related to the different crude oils and the use of gas injection. Possible changes for gas are discussed if the figures for oil reserves were revised. Hubbert's Law is explained as a tool for determining peak production of conventional oil. The interest of the United Nations in this issue is emphasised. Some recommendations are submitted so that the MENPET may start to prepare the pertinent policies governing reserves.

Date: 2008
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://journals.sagepub.com/doi/10.1260/095830508786939875 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:engenv:v:19:y:2008:i:8:p:1161-1180

DOI: 10.1260/095830508786939875

Access Statistics for this article

More articles in Energy & Environment
Bibliographic data for series maintained by SAGE Publications ().