<h1>Ayacucho Area Oil Project,Venezuela</h1>
<p>The Ayacucho Area Oil Project is an onshore oil project in Venezuela associated with the Ayacucho area of the Orinoco Oil Belt. The project is classified as operating,though operator and ownership details are not clearly confirmed for the area-level entry. The Orinoco Belt is one of the world’s largest accumulations of extra-heavy crude and is divided into several areas,including Boyacá,Junín,Ayacucho,and Carabobo. Project-level production figures and detailed infrastructure data are limited; the area-level label covers multiple possible blocks and joint ventures.</p>
<h2>Quick Facts</h2>
<table>
<tbody>
<tr><th>Item</th><th>Details</th></tr>
<tr><td>Project Name</td><td>Ayacucho (Area) Oil Project (Venezuela)</td></tr>
<tr><td>Country</td><td>Venezuela</td></tr>
<tr><td>Fuel Type</td><td>Oil</td></tr>
<tr><td>Status</td><td>Operating</td></tr>
<tr><td>Onshore/Offshore</td><td>Onshore</td></tr>
</tbody>
</table>
<h2>Location and Basin</h2>
<p>The project is located onshore in eastern Venezuela within the Orinoco Oil Belt. The belt lies along the southern margin of Venezuela’s eastern oil province and is widely described as one of the world’s largest heavy and extra-heavy oil accumulations. The Ayacucho area is one of four major divisions of the belt. Specific basin designations are not clearly documented at the area level.</p>
<h2>Ownership and Operatorship</h2>
<p>Operator and ownership for the Ayacucho area-level project are not clearly identified in sources. The wider Orinoco Belt is strongly associated with Petróleos de Venezuela S.A. (PDVSA) and mixed companies involving foreign partners,but a broad area label cannot be assigned to a single entity unless explicitly verified. Companies such as Chevron,CNPC,Eni,Repsol,and others have been active in different parts of the belt,but their specific involvement in Ayacucho is not confirmed by area-level data.</p>
<h2>Development History</h2>
<p>The Ayacucho area is part of the broader Orinoco Oil Belt development framework,which has seen state-led plans,joint ventures,and production fluctuations over decades. A discovery year,final investment decision year,and production start year are not confirmed at the area level. The project is listed as operating,but precise milestone dates are not available.</p>
<h2>Infrastructure and Facilities</h2>
<p>Onshore infrastructure typical of heavy-oil operations—such as production clusters,gathering lines,crude blending systems,diluent logistics,and upgraders—may be present,but no facility register,pipeline list,or processing capacity is confirmed specifically for the Ayacucho area. No offshore elements apply. Additional facility details would need to be verified at the block or field level.</p>
<h2>Production and Reserves</h2>
<p>Area-level data from 2012 reports 43,700 million barrels of oil reserves and 147.97 million barrels per year of oil production for the wider Ayacucho oil and gas area. These are historical database values and should be treated with caution. Current project-level production is not clearly confirmed; figures should be verified at the named field,mixed-company,or block level.</p>
<h2>Recent Developments</h2>
<p>Recent developments relate mainly to the broader Orinoco Belt. In 2026,Reuters reported Venezuela’s oil output approaching 1 million barrels per day,with the Orinoco region producing more than 500,000 barrels per day after restrictions were loosened. Chevron announced an asset swap consolidating its Venezuelan heavy-oil position,including interests in Petropiar and Petroindependencia,which operate extra-heavy oil from Orinoco Belt projects. In 2024,Reuters reported that Venezuela considered extending the PDVSA-Chevron Petropiar joint venture through 2047. These events reflect ongoing international activity in the Orinoco Belt but are not specific to the Ayacucho area-level project.</p>
<h2>Sources</h2>
<ul>
<li><a href="https://www.gem.wiki/Ayacucho_%28Area%29_Oil_Project_%28Venezuela%29" target="_blank">Global Energy Monitor: Ayacucho Area Oil Project (Venezuela)</a></li>
<li><a href="https://www.gem.wiki/Ayacucho_%28Area%29_Oil_and_Gas_Area_%28Venezuela%29" target="_blank">Global Energy Monitor: Ayacucho Area Oil and Gas Area (Venezuela)</a></li>
<li><a href="https://www.chevron.com/newsroom/2026/q2/chevron-consolidates-venezuela-heavy-oil-position-in-asset-swap" target="_blank">Chevron: Chevron consolidates Venezuela heavy oil position in asset swap</a></li>
<li><a href="https://jpt.spe.org/chevron-adjusts-its-heavy-oil-position-in-venezuela" target="_blank">Journal of Petroleum Technology: Chevron adjusts its heavy-oil position in Venezuela</a></li>
<li><a href="https://www.reuters.com/markets/commodities/venezuela-mulls-proposal-extend-pdvsa-chevron-oil-joint-venture-through-2047-2024-06-17/" target="_blank">Reuters: Venezuela mulls proposal to extend PDVSA-Chevron oil joint venture through 2047</a></li>
<li><a href="https://www.reuters.com/business/energy/venezuela-boosts-oil-output-orinoco-belt-countrys-production-approaches-1-2026-02-09/" target="_blank">Reuters: Venezuela’s Orinoco Belt loosening helps lift oil output</a></li>
<li><a href="https://www.reuters.com/business/energy/chevron-shell-closing-first-big-oil-production-deals-venezuela-since-us-captured-2026-03-10/" target="_blank">Reuters: Chevron and Shell closing in on oil production deals in Venezuela</a></li>
<li><a href="https://www.boell.de/sites/default/files/uploads/2012/10/venezuela-orinoco.pdf" target="_blank">Heinrich Böll Stiftung: The Orinoco Oil Belt Update</a></li>
</ul>
<h2>Related Topics</h2>
<ul>
<li>Orinoco Oil Belt</li>
<li>Ayacucho heavy-oil area</li>
<li>PDVSA upstream operations</li>
<li>Venezuela extra-heavy oil development</li>
<li>Petropiar and Orinoco joint ventures</li>
<li>Heavy-oil upgrading and blending</li>
<li>Diluent supply for extra-heavy crude</li>
<li>Venezuela sanctions and oil production recovery</li>
<li>Onshore heavy-oil field infrastructure</li>
</ul>

IEPTC reference profile for Ayacucho Area Oil in Venezuela,covering asset type,location,development status,and upstream industry context.

Ayacucho Area Oil Project,Venezuela

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Ayacucho Area Oil Project,Venezuela

Ayacucho Area Oil Project,Venezuela

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