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Junin-5 Heavy Oil Project Relaunch

Sector: Oil and Gas • Location: Caracas, Venezuela

Source: Brazil Energy Insight

Project
Planned

Eni has signed an agreement with Venezuela's Ministry of Hydrocarbons and PDVSA to relaunch oil activities at the Junin-5 heavy oil project in the Orinoco Belt. The project involves heavy oil extraction with PDVSA holding a 60% stake and Eni 40%. The project contains about 35 billion barrels of certified oil in place.

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

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Project Information

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

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 an agreement with Venezuela's Ministry of Hydrocarbons and PDVSA to relaunch oil activities at the Junin-5 heavy oil project in the Orinoco Belt. The project involves heavy oil extraction with PDVSA holding a 60% stake and Eni 40%. The project contains about 35 billion barrels of certified oil in place.

Original sector

Energy

Location

Country

Venezuela

City

Caracas

Source

Source

Brazil Energy Insight

URL

More Details

Record type

Project

Sector

Oil and Gas

Article published date

2026-05-02

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