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Heavy crude oil

Highly viscous liquid fossil fuel

  • 7 min read
  • 5 chapters

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Through Petroleum, Density and Physical property

Reserves

According to the World Resources Institute, concentrations of remarkable quantities of heavy oil and oil sands are found in Canada and Venezuela. The U.S. Energy Information Administration reported in 2001 that the largest reserves of heavy crude oil in the world were located north of the Orinoco River, in the 270-mile long by 40-mile wide Orinoco Belt in eastern Venezuela. At that time Venezuela began authorizing "joint ventures to upgrade the extra-heavy crude resources." Petroleos de Venezuela, S.A. at that time estimated that there were 270 billion barrels of recoverable reserves in the area, the same amount as the conventional oil reserves of Saudi Arabia. The Orinoco Belt is sometimes described as oil sands, but these deposits are non-bituminous, falling instead into the category of heavy or extra-heavy oil due to their lower viscosity. Thirty or more countries are known to have reserves.

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