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Junin-5 Heavy Oil Field Relaunch

One of 1,074 projects Taiyo tracks in Venezuela.

Source: Offshore Energy

Project
Planned

Eni has signed a programmatic agreement with Venezuela's Ministry of Hydrocarbons and PDVSA to relaunch oil activities at the Junin-5 heavy oil field in the Orinoco Belt. The field contains 35 billion barrels of certified oil in place, with PDVSA holding a 60% interest and Eni holding 40%.

Status
Prospective
Sector
Oil and Gas
Location
Caracas, Venezuela
Updated
22 Jul 2026
Source
Offshore Energy

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Project Information

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The project “Junin-5 Heavy Oil Field Relaunch” is an infrastructure initiative in the Oil and Gas sector, located in Caracas, Venezuela. Taiyo aggregates data on it from Offshore Energy.

Participants

Not available for this record.

Status

Original status

planned

Taiyo status

Prospective

Taiyo last update

2026-07-22

Contact

Not available for this record.

Description

Description

Eni has signed a programmatic agreement with Venezuela's Ministry of Hydrocarbons and PDVSA to relaunch oil activities at the Junin-5 heavy oil field in the Orinoco Belt. The field contains 35 billion barrels of certified oil in place, with PDVSA holding a 60% interest and Eni holding 40%.

Original sector

Energy

Location

Country

Venezuela

City

Caracas

Source

Source

Offshore Energy

URL

More Details

Record type

Project

Sector

Oil and Gas

Article published date

2026-05-02

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