Abstract
Oil- and gas-in-place assessment has been a major problem in the evaluation of the Jobal-Zuron area of the Guarico subbasin of the Eastern Venezuela basin. The area is now undergoing an integrated appraisal in order to determine its economic viability for supplying the Venezuelan domestic gas market. The area has been known as a gas producer from the Miocene Chaguaramas Formation. Currently stated reserves are estimated at 21.7 million bbl of condensate and 313.8 billion ft/sup 3/ of gas; daily production is 23 million ft/sup 3/ of gas from nine wells. Recent tests and appaisals would increase reserves to 60 million bbl of condensate and 888.6 billion ft/sup 3/ of gas and daily production up to 4.2 million ft/sup 3/ of gas per well. Although the Venezuelan domestic gas market is increasing, the Jobal-Zuron area is still lacking deep geological and reserve definition. The area is, geologically speaking, one of the most complex in Venezuela from both the stratigraphic and structural points of view. The Guarico subbasin was tectonically very active during the upper Miocene-Pliocene; compaction and diagenesis are the main factors affecting porosity.
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