Orinoco's recoverable figure 513 billion bbl, USGS says

02/15/2010
The volume of technically recoverable heavy oil in Venezuela's Orinoco oil belt is 513 billion bbl, making it one of the world's largest accumulations of recoverable oil, the US Geological Survey said Jan. 22.The range of recoverable oil is estimated at 380-652 billion bbl, the USGS said. Technically recoverable associated-dissolved gas is estimated at a mean of 135 tcf and a range of 53-262 tcf.USGS made no attempt to estimate either economically recoverable resources or reserves, and the assessment implies nothing about rates or time frames of production or the likelihood of heavy oil recovery.Assessment unitThe Orinoco Oil Belt Assessment Unit of the La Luna-Quercual Total Petroleum Sy...
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