CARACAS, Monday November 25, 2013 | Update

Pdvsa opens Petrojunín-Petrocedeño pipeline

The pipeline is 12 inches thick

Monday November 25, 2013  09:23 AM
Last Friday, state-run oil holding Petróleos de Venezuela opened an early production interconnection pipeline for joint ventures Petrojunín and Petrocedeño, AVN reported.

The event set the startup of a pipeline of 12 inches thick and another for diluents of 8 inches thick, spanning 24 kilometers and able to carry 35,000 barrels per day (bpd) in usual conditions and 70,000 bpd of hot fluid.
Minister of Petroleum and Mining Rafael Ramírez thinks that the facility will help export the oil drilled in Junín. In this way, the carrying capacity of pipelines in the area hits 50,000 bpd.
Petrojunín, a joint venture between Pdvsa and ENI has set an output goal of 240,000 bpd. Additionally, there are plans for a related refinery of 240,000 bpd, to be built by Petrobicentenario, another joint venture.

Present drilling in Petrojunín amounts to 2,300 bpd of extra-heavy crude oil. By December 2013, it will reach 2,800 bpd.  A total of USD 18.2 billion has been invested in the project.
Ramírez informed that another 36' pipeline is being laid up in parallel with the new one, stretching along the Orinoco Oil Belt.
For his part, ENI CEO Paolo Scaroni asserted that Venezuela is pivotal in Italy's development. He expects to enlarge the output in Petrojunín in 2014 with the help of the pipeline.