heavy oil

Under the agreement with PDVSA, Eni will oversee the field's technical, financial, and commercial management. Separately, independent energy company GeoPark has announced its strategic entry into Venezuela through the Bare Block, a large-scale heavy-oil-producing asset.

The supermajor expects output to double to about 600,000 B/D as a result of a new agreement with one of its joint ventures in Venezuela.

Brownfield redevelopment and new exploration projects could lift Venezuelan output above 2 million B/D by next decade.

This paper details the design and implementation of a subsea multiphase pump solution deployed in the Atlanta field designed to maximize reuse of existing subsea and topside equipment.

Since the US arrested and removed Venezuelan President Nicolás Maduro on 3 January 2026, all eyes have turned toward the country’s vast oil reserves, the largest of any country. From 2005 to 2024, oil production in Venezuela fell by 70%, from 3.1 million B/D to just 0.9 million B/D. The race is on to bring production back, but aging infrastructure and expatriation pre…

An asset swap with PDVSA helps consolidate the supermajor’s heavy-oil operations in the country.

This paper introduces a novel steam-sensitive flow-control device designed to restrict the production of steam and low-subcool liquids while allowing higher mobility of oil-phase fluids.

This study integrates laboratory testing with reservoir simulation to evaluate the effectiveness of autonomous inflow-control valves in managing late-life steam-assisted gravity-drainage production challenges.

Steam-assisted gravity drainage (SAGD) technology continues to advance rapidly, driven by improvements in numerical simulation, inflow-control technologies, fiber-optic monitoring, and real-time production optimization.

This paper demonstrates the effectiveness of integrating dynamic gas separation with existing gas-avoidance methods within the same electrical submersible pump string to address these issues.