Abstract

Most of Venezuela's giant accumulations of heavier thatn 22[degrees] API hydrocarbons, are located in the more stable flanks of the Maracaibo and Eastern Venezuela basins, at depths shallower than 2400 meters. The reservoir rocks are unconsolidated fluviodeltaic Neogene sands, transgressive over large regional Oligocene unconformities. There are also large volumes accumulated along the mountainous and more active flanks, either in Neogene alluvial sediments or in Cretaceous and older fractured rocks. These accumulations, located near present day erosion surfaces, are subjected to meteoric water influx. Extensive research carried out by the affiliates of Petroleos de Venezuela, S.A., and other institutions during the past ten years, has shown tha the main cause of degradation is the action of microorganisms brought in by meteoric water influx and, to less extent, the washing of lighter hydrocarbon fractions by either connate or meteric water. These studies have also shown that most of the heavy and extra-heavy hydrocarbons are the result of biodegradation of low maturity crudes generated from Cretaceous rocks, rich in marine organic matter, which started its generation during the Paleogene. The heavy and extra-heavy hydrocarbons, bitumen included, so far discovered in Venezuela, add up to 1.5 [times] 10[sup 12] bbl in place. Thismore » figure includes proved, probable and possible volumes, and the expectancy of additional hydrocarbons of this kind to be discovered yet is of 0.1 [times] 10[sup 12] bbl in place.« less

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