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With more than 25 years of experience in the Oil Industry, Suelopetrol is an independent Venezuelan Oil Producer and Services Company with over 900 employees.

The E&P division is focused on exploration, development and acquisition of Oil & Gas assets in Latin America, while the Services branch offers Seismic Data Acquisition, Processing & Interpretation, Drilling, Logistics, Reservoir Studies and Oil Field Management.

The parent company is headquartered in Caracas, Venezuela, and runs operations through wholly-owned subsidiaries in Houston, Ecuador, Colombia and México, assuring growth in two main business units:

Suelopetrol E&P

Suelopetrol Services

COMPANY HIGHLIGHTS

* NEWS: On June 22, 2010, Suelopetrol was awarded block LLA-61 during the Colombia E&P Open Round 2010.**

* NEWS: On May 12th 2010, Suelopetrol in Consortium with USA’s Chevron, and Japan’s Mitsubishi & Inpex, signed the "Petroindependencia" JV contract with the Venezuelan authorities to produce hydrocarbons in Carabobo** Project #3 (blocks Carabobo 2 Sur, Carabobo 3 Norte & Carabobo 5) in the Orinoco Belt in Eastern Venezuela. The Project will produce between 400,000 and 480,000 barrels of oil per day during 40 years out of proven recoverable reserves.

E&P interests in Oil fields in Venezuela, United States and Ecuador, holding in total over 100 million Barrels Oil in gross recoverable reserves (Proven + Probable) and producing close to 10.000 Barrels of Oil per Day net to the company's working interest.
Venezuelan market leader since 1996 in 2D & 3D Seismic Data Acquisition.
Working interest in "Monclova Pirineo Gas SA de CV", an Operating and Services Consortium that operates two large gas blocks in Mexico, producing over 150 million Cubic Feet of Natural Gas per Day.

News

Suelopetrol pays a dividend of Bs. F 0.075339 per share.

Suelopetrol, a Venezuelan company dedicated to exploration and production of hydrocarbons, announced a dividend of Bs. F 0.075339 per share on April 30th, 2009 during its Annual Shareholders Meeting c...

Operator of Pucuna and Singue marginal fields successfully completed...

Quito, February 6, 2009, Suelopetrol Ecuador , operator of Pucuna and Singue marginal fields successfully completed the repair and workover campaign of four inactive wells in the fields that operates a...

25 years of oil history in Venezuela

Caracas, January 26th, 2009 – With a deluxe photographic edition which narrates through its experience the last 25 years of oil history in Venezuela, Suelopetrol a corporation dedicated to hydrocarbons...

Suelopetrol Acquires a 1200 HP Drilling Rig for over 50 new wells in the Cabimas Field

Suelopetrol, a Venezuelan corporation dedicated to oil business, which in January celebrates its 25 year anniversary, continued its expansion and consolidation, negotiates with Petrocabimas on November...

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SOCIAL RESPONSIBILITY

Suelopetrol’s "Corporate Social Responsibility" program (CSR) is well known among local communities with whom Suelopetrol interacts both during E&P and Services Projects. As a best practice, the Project "Arature" in the flooded jungles of the Venezuelan Orinoco Delta has been funded entirely by Suelopetrol, benefiting many Warao indigenous families for more than 18 years. This initiative of working side by side with the Boca de Tigre Eco-Camp in the River Delta is a model of Ecotourism preserving nature. Read more...