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Carabobo 3

Project Stages

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Early Works
In Construction
Current Stage In production - under development
Project Details


Carabobo 3 is composed of three blocks (blocks C2 South, C3 North and C5) and is being developed by Petroindependencia S.A, a joint venture composed by Chevron (34%), the consortium Japan Carabobo made up of Inpex-Mitsubishi-Jogmec (5%), Suelopetrol (1%). PDVSA owns the remaining 60%. This subdivision is made up of the areas Carabobo 2 Sur, Carabobo Norte and Carabobo 5. The Carabobo oil block is part of the Orinoco oil belt, one of the largest hydrocarbons reserves in the world. The Orinoco belt extends 55,314km2 and is divided into four areas: Boyacá, Junín, Ayacucho and Carabobo. The Carabobo block is split into three zones: Carabobo 1, Carabobo 2, and Carabobo 3. PDVSA has said that each of the three blocks has potential to produce 400,000-480,000b/d by 2018.

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Milestones Log and News

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Related Companies

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  • * Figures and dates are as per the latest publicly available information, as well as information gathered by BNamericas reporters and analysts and are subject to change.

  • * Changes to original budget estimates are shown as the total figure available and may include interest, working capital, inflation adjustments and other contingencies in addition to capital expenditure.

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Key Specs

Full Name
Carabobo 3
Project Type
Conventionals, Crude oil, Onshore, Upstream
Development Phase
In production - under development
Project Status
Project Capacity
400,000  b/d (barrels per day)  Crude oil

Carabobo 3 is located in the Carabobo block, in the states of Anzoátegui and Monagas, and by the Orinoco river, 450km from Caracas.

* The map coordinates provided represent the approximate latitude and longitude, and not the exact location, of the project in question.



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Owner / operator
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Owner / operator
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General Manager Operations and Engineering
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Project Manager at PDFVSA Industrial
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