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The AAPG/Datapages Combined Publications Database

Journal of Petroleum Geology

Abstract

 

Journal of Petroleum Geology, vol. 19(3), July 1996, pp. 249-269
©Copyright 1996. Scientific Press, U.K. All rights reserved.

A NEW FACIES MODEL FOR THE MISOA FORMATION (EOCENE), VENEZUELA'S MAIN OIL RESERVOIR

R. Higgs*

The Misoa Formation has produced an estimated 13 billion barrels of oil, and contains a further 11 billion barrels of proved remaining reserves. The total represents approximately 50% of the proved reserves of the Maracaibo Basin, Venezuela's most productive region. In such a prolific formation, application of an inappropriate facies model to exploration and development can have huge financial consequences, in terms of misplaced wells, missed pools and miscalculated reserves.

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