Chevron Orinoco Belt Heavy Oil Expansion
One of 1,074 projects Taiyo tracks in Venezuela.
Source: WHBL
Chevron signed agreements to expand operations in Venezuela's Orinoco Belt, including an asset swap that increases its stake in the Petroindependencia joint venture and adds a new oil area, Ayacucho 8, to its Petropiar project. The company relinquished two gas blocks including the Loran offshore field and a small oil project in western Venezuela. This expansion aims to boost crude output and parti
- Status
- Closed
- Sector
- Oil and Gas
- Location
- Venezuela
- Updated
- 22 Jul 2026
- Source
- WHBL
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Project Information
Participants
| Not available for this record. |
Status
Original status | awarded |
Taiyo status | Closed |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | Chevron signed agreements to expand operations in Venezuela's Orinoco Belt, including an asset swap that increases its stake in the Petroindependencia joint venture and adds a new oil area, Ayacucho 8, to its Petropiar project. The company relinquished two gas blocks including the Loran offshore field and a small oil project in western Venezuela. This expansion aims to boost crude output and participation in Venezuela's main oil region. |
Original sector | Energy |
Location
Country | Venezuela |
Source
Source | WHBL |
URL |
More Details
Record type | Project |
Sector | Oil and Gas |
Article published date | 2026-04-17 |
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