Where is orinoco oil belt




















Pollastro , Timothy R. Klett , Marilyn E. Tennyson , Mark A. Kirschbaum , Michael E. Brownfield , and Janet K. SAGD involves digging two shafts, one above the oil and one below the oil.

They then inject steam into the upper shaft. The steam condenses and heats the oil. The oil then drains, due to gravity, to the horizontal shaft under the oil field. The idea of SAGD has been around for years and was originally designed to be used in the Canadian heavy oil reservoirs. Due to restrictions on drilling techniques SAGD was not possible until recently.

Numbers vary, sometimes significantly, because of the uncertainty of regional sandstone distribution, oil saturation, and sometimes it is just the politics of oil. Only about billion barrels are considered recoverable however. Saudi proven oil reserves are around Many people attribute this to the world economic downturn while some may say that continuing maintenance and the increase in the consumption of oil by Venezuela accounts for the decrease.

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