Petróleos de Venezuela, S.A. (PDVSA) is Venezuela's state-owned oil company, established in 1976 after the nationalization of the country's hydrocarbon resources.
It oversees the exploration, production, refining, and export of petroleum products, serving as the backbone of Venezuela's economy and a major supplier to international markets.
The company operates through several subsidiaries focused on upstream and downstream activities, including oil sands extraction in the Orinoco Belt and various joint ventures.
Also known as Petroleos de Venezuela SA.
chemXplore tracks 1 project involving PDVSA, of which one is active.
PDVSA's role on them: Owner.
1 new construction.
Exclusive operatorship granted for Junín-5 oil field; transition from JV under new hydrocarbon law; field holds 35 billion barrels in place and produces about 12,000 bpd.
Updated JV terms and added Orinoco acreage underpin plans to invest $7bn+, more than double output to ~600,000 b/d at under $20/boe over five years.
MoU with Venezuelan government and PDVSA to evaluate Horcón area, study offshore gas prospects, and address payments and crude cargo scheduling.
Inventory-driven earnings and Middle East volatility prompt €1.2bn stock build, kerosene output up 15–20%, €35m in fuel discounts at stations to date.
By country, the most active first. active / all projects
