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Venezuela

Venezuela produced 355.0 MMbbl of oil in 2025.

  • Fifth-largest oil-producing country in the Americas, 2025.
  • 3.5% of the oil produced in the Americas, 2025.
  • Oil production rose 12% in 2025 from 2024.

Production

Oil production (Mbbl/d, annual average)Latest: 973, 2025
Oil production: thousand barrels per day, annual average 2,000 4,000 Mbbl/d 19801990200020102020 1973: 3,366 Mbbl/d 1974: 2,976 Mbbl/d 1975: 2,346 Mbbl/d 1976: 2,294 Mbbl/d 1977: 2,238 Mbbl/d 1978: 2,165 Mbbl/d 1979: 2,356 Mbbl/d 1980: 2,168 Mbbl/d 1981: 2,102 Mbbl/d 1982: 1,895 Mbbl/d 1983: 1,801 Mbbl/d 1984: 1,714 Mbbl/d 1985: 1,677 Mbbl/d 1986: 1,787 Mbbl/d 1987: 1,752 Mbbl/d 1988: 1,903 Mbbl/d 1989: 1,907 Mbbl/d 1990: 2,137 Mbbl/d 1991: 2,375 Mbbl/d 1992: 2,334 Mbbl/d 1993: 2,305 Mbbl/d 1994: 2,443 Mbbl/d 1995: 2,752 Mbbl/d 1996: 2,938 Mbbl/d 1997: 3,182 Mbbl/d 1998: 3,119 Mbbl/d 1999: 2,785 Mbbl/d 2000: 2,894 Mbbl/d 2001: 2,807 Mbbl/d 2002: 2,435 Mbbl/d 2003: 2,303 Mbbl/d 2004: 2,564 Mbbl/d 2005: 2,840 Mbbl/d 2006: 2,785 Mbbl/d 2007: 2,820 Mbbl/d 2008: 2,510 Mbbl/d 2009: 2,520 Mbbl/d 2010: 2,410 Mbbl/d 2011: 2,500 Mbbl/d 2012: 2,500 Mbbl/d 2013: 2,500 Mbbl/d 2014: 2,500 Mbbl/d 2015: 2,489 Mbbl/d 2016: 2,254 Mbbl/d 2017: 1,997 Mbbl/d 2018: 1,486 Mbbl/d 2019: 878 Mbbl/d 2020: 527 Mbbl/d 2021: 595 Mbbl/d 2022: 724 Mbbl/d 2023: 771 Mbbl/d 2024: 863 Mbbl/d 2025: 973 Mbbl/d

Interactive chart. Focus it and use the left and right arrow keys to read each period, Page Up and Page Down for bigger steps, Home and End for the ends of the series. The full figures are also in the table on this page.

All from what the source published. All held at national grain.

How the volume breaks down
  • 100% Reported by the official source as a lease, facility, field or state total. Published without per-well detail.

Every barrel here starts from what the official source published for the months measured. Measured over January 1973 to July 2026.

Gas figures for Venezuela stopped arriving after December 2024. The charts hold every month of its gas back until the feed is repaired. Its oil keeps arriving and stays in view.

Held at national grain: the chart draws the total as one series.

About this chart

Splitting it into bands by the year each well started takes volumes at well grain.

Annual table (full history)

best estimate incl. unsplit totals

YearOil (MMbbl)Gas produced (Bcf)
2025355.0—
2024316.0—
2023281.2—
2022264.1—
2021217.1—
2020192.9—
2019320.3—
2018542.3—
2017729.1—
2016825.1—
2015908.7—
2014912.5—
2013912.5—
2012915.0—
2011912.5—
2010879.7—
2009919.8—
2008918.7—
20071,029.2—
20061,016.5—
20051,036.4—
2004938.4—
2003840.8—
2002888.9—
20011,024.5—
20001,059.1—
19991,016.5—
19981,138.6—
19971,161.6—
19961,075.2—
19951,004.6—
1994891.7—
1993841.3—
1992854.2—
1991866.9—
1990779.9—
1989696.0—
1988696.5—
1987639.5—
1986652.3—
1985612.2—
1984627.4—
1983657.3—
1982691.6—
1981767.2—
1980793.6—
1979859.9—
1978790.2—
1977816.9—
1976839.7—
1975856.2—
19741,086.3—
19731,228.6—

— means no figure is published for that period.

Source: CommoVision (commovision.com)

Monthly table (last 24 months)
MonthOil (Mbbl)Gas produced (MMcf)
2026-0736,580.0—
2026-0634,800.0—
2026-0535,960.0—
2026-0433,000.0—
2026-0332,860.0—
2026-0227,440.0—
2026-0125,730.0—
2025-1229,605.0—
2025-1130,150.0—
2025-1031,155.0—
2025-0930,000.0—
2025-0830,845.0—
2025-0730,380.0—
2025-0629,400.0—
2025-0530,070.0—
2025-0428,800.0—
2025-0329,450.0—
2025-0226,320.0—
2025-0128,830.0—
2024-1227,590.0—
2024-1125,500.0—
2024-1028,210.0—
2024-0927,000.0—
2024-0827,590.0—

— means no figure is published for that period.

Source: CommoVision (commovision.com)

Source: CommoVision · Venezuela, data through July 2026.

1,180 Mbbl/d Jul 2026 oil production +20.4% vs Jul last year best estimate incl. unsplit totals
972.6 Mbbl/d 2025 oil production best estimate incl. unsplit totals
3.5 % Share of Americas oil (2025)

Active drilling rigs

7 rigs active on average in Oct 2026
+7 rigs vs a year earlier
56 rigs peak month, Apr 2017 (since Oct 2016)
Active drilling rigs by rig type (rigs, monthly average)Source: Baker Hughes
Oil Gas Miscellaneous
Active drilling rigs by rig type: rigs, monthly average 20 40 60 rigs 2017201820192020202120222023202420252026 Oct 2016: 48 rigs on average (Oil 48, Gas 0, Miscellaneous 0) Nov 2016: 51 rigs on average (Oil 51, Gas 0, Miscellaneous 0) Dec 2016: 52 rigs on average (Oil 52, Gas 0, Miscellaneous 0) Jan 2017: 51 rigs on average (Oil 50, Gas 1, Miscellaneous 0) Feb 2017: 54 rigs on average (Oil 54, Gas 0, Miscellaneous 0) Mar 2017: 54 rigs on average (Oil 54, Gas 0, Miscellaneous 0) Apr 2017: 56 rigs on average (Oil 56, Gas 0, Miscellaneous 0) May 2017: 54 rigs on average (Oil 54, Gas 0, Miscellaneous 0) Jun 2017: 49 rigs on average (Oil 49, Gas 0, Miscellaneous 0) Jul 2017: 50 rigs on average (Oil 49, Gas 1, Miscellaneous 0) Aug 2017: 48 rigs on average (Oil 48, Gas 0, Miscellaneous 0) Sep 2017: 44 rigs on average (Oil 44, Gas 0, Miscellaneous 0) Oct 2017: 39 rigs on average (Oil 39, Gas 0, Miscellaneous 0) Nov 2017: 40 rigs on average (Oil 40, Gas 0, Miscellaneous 0) Dec 2017: 50 rigs on average (Oil 50, Gas 0, Miscellaneous 0) Jan 2018: 48 rigs on average (Oil 48, Gas 0, Miscellaneous 0) Feb 2018: 47 rigs on average (Oil 47, Gas 0, Miscellaneous 0) Mar 2018: 44 rigs on average (Oil 44, Gas 0, Miscellaneous 0) Apr 2018: 36 rigs on average (Oil 35, Gas 0, Miscellaneous 1) May 2018: 28 rigs on average (Oil 28, Gas 0, Miscellaneous 0) Jun 2018: 26 rigs on average (Oil 26, Gas 0, Miscellaneous 0) Jul 2018: 28 rigs on average (Oil 27, Gas 1, Miscellaneous 0) Aug 2018: 27 rigs on average (Oil 26, Gas 1, Miscellaneous 0) Sep 2018: 25 rigs on average (Oil 24, Gas 1, Miscellaneous 0) Oct 2018: 27 rigs on average (Oil 26, Gas 1, Miscellaneous 0) Nov 2018: 25 rigs on average (Oil 25, Gas 0, Miscellaneous 0) Dec 2018: 27 rigs on average (Oil 27, Gas 0, Miscellaneous 0) Jan 2019: 27 rigs on average (Oil 27, Gas 0, Miscellaneous 0) Feb 2019: 27 rigs on average (Oil 26, Gas 1, Miscellaneous 0) Mar 2019: 22 rigs on average (Oil 20, Gas 2, Miscellaneous 0) Apr 2019: 22 rigs on average (Oil 20, Gas 2, Miscellaneous 0) May 2019: 22 rigs on average (Oil 20, Gas 2, Miscellaneous 0) Jun 2019: 24 rigs on average (Oil 22, Gas 2, Miscellaneous 0) Jul 2019: 25 rigs on average (Oil 23, Gas 2, Miscellaneous 0) Aug 2019: 25 rigs on average (Oil 23, Gas 2, Miscellaneous 0) Sep 2019: 25 rigs on average (Oil 23, Gas 2, Miscellaneous 0) Oct 2019: 25 rigs on average (Oil 23, Gas 2, Miscellaneous 0) Nov 2019: 25 rigs on average (Oil 23, Gas 2, Miscellaneous 0) Dec 2019: 25 rigs on average (Oil 23, Gas 2, Miscellaneous 0) Jan 2020: 25 rigs on average (Oil 23, Gas 2, Miscellaneous 0) Feb 2020: 25 rigs on average (Oil 23, Gas 2, Miscellaneous 0) Mar 2020: 25 rigs on average (Oil 23, Gas 2, Miscellaneous 0) Apr 2020: 14 rigs on average (Oil 12, Gas 2, Miscellaneous 0) May 2020: 2 rigs on average (Oil 1, Gas 1, Miscellaneous 0) Jun 2020: 1 rig on average (Oil 0, Gas 1, Miscellaneous 0) Jul 2020: 1 rig on average (Oil 0, Gas 1, Miscellaneous 0) Aug 2020: 1 rig on average (Oil 0, Gas 1, Miscellaneous 0) Sep 2020: 1 rig on average (Oil 0, Gas 1, Miscellaneous 0) Oct 2020: 0 rigs on average (Oil 0, Gas 0, Miscellaneous 0) Nov 2020: 0 rigs on average (Oil 0, Gas 0, Miscellaneous 0) Dec 2020: 0 rigs on average (Oil 0, Gas 0, Miscellaneous 0) Jan 2021: 0 rigs on average (Oil 0, Gas 0, Miscellaneous 0) Feb 2021: 0 rigs on average (Oil 0, Gas 0, Miscellaneous 0) Mar 2021: 0 rigs on average (Oil 0, Gas 0, Miscellaneous 0) Apr 2021: 0 rigs on average (Oil 0, Gas 0, Miscellaneous 0) May 2021: 0 rigs on average (Oil 0, Gas 0, Miscellaneous 0) Jun 2021: 0 rigs on average (Oil 0, Gas 0, Miscellaneous 0) Jul 2021: 0 rigs on average (Oil 0, Gas 0, Miscellaneous 0) Aug 2021: 0 rigs on average (Oil 0, Gas 0, Miscellaneous 0) Sep 2021: 0 rigs on average (Oil 0, Gas 0, Miscellaneous 0) Oct 2021: 0 rigs on average (Oil 0, Gas 0, Miscellaneous 0) Nov 2021: 0 rigs on average (Oil 0, Gas 0, Miscellaneous 0) Dec 2021: 0 rigs on average (Oil 0, Gas 0, Miscellaneous 0) Jan 2022: 0 rigs on average (Oil 0, Gas 0, Miscellaneous 0) Feb 2022: 0 rigs on average (Oil 0, Gas 0, Miscellaneous 0) Mar 2022: 0 rigs on average (Oil 0, Gas 0, Miscellaneous 0) Apr 2022: 0 rigs on average (Oil 0, Gas 0, Miscellaneous 0) May 2022: 0 rigs on average (Oil 0, Gas 0, Miscellaneous 0) Jun 2022: 0 rigs on average (Oil 0, Gas 0, Miscellaneous 0) Jul 2022: 0 rigs on average (Oil 0, Gas 0, Miscellaneous 0) Aug 2022: 0 rigs on average (Oil 0, Gas 0, Miscellaneous 0) Sep 2022: 0 rigs on average (Oil 0, Gas 0, Miscellaneous 0) Oct 2022: 0 rigs on average (Oil 0, Gas 0, Miscellaneous 0) Nov 2022: 0 rigs on average (Oil 0, Gas 0, Miscellaneous 0) Dec 2022: 0 rigs on average (Oil 0, Gas 0, Miscellaneous 0) Jan 2023: 0 rigs on average (Oil 0, Gas 0, Miscellaneous 0) Feb 2023: 0 rigs on average (Oil 0, Gas 0, Miscellaneous 0) Mar 2023: 1 rig on average (Oil 1, Gas 0, Miscellaneous 0) Apr 2023: 1 rig on average (Oil 1, Gas 0, Miscellaneous 0) May 2023: 2 rigs on average (Oil 2, Gas 0, Miscellaneous 0) Jun 2023: 2 rigs on average (Oil 2, Gas 0, Miscellaneous 0) Jul 2023: 2 rigs on average (Oil 2, Gas 0, Miscellaneous 0) Aug 2023: 2 rigs on average (Oil 2, Gas 0, Miscellaneous 0) Sep 2023: 1 rig on average (Oil 1, Gas 0, Miscellaneous 0) Oct 2023: 2 rigs on average (Oil 2, Gas 0, Miscellaneous 0) Nov 2023: 2 rigs on average (Oil 2, Gas 0, Miscellaneous 0) Dec 2023: 2 rigs on average (Oil 2, Gas 0, Miscellaneous 0) Jan 2024: 1 rig on average (Oil 1, Gas 0, Miscellaneous 0) Feb 2024: 2 rigs on average (Oil 2, Gas 0, Miscellaneous 0) Mar 2024: 3 rigs on average (Oil 3, Gas 0, Miscellaneous 0) Apr 2024: 3 rigs on average (Oil 3, Gas 0, Miscellaneous 0) May 2024: 3 rigs on average (Oil 3, Gas 0, Miscellaneous 0) Jun 2024: 3 rigs on average (Oil 3, Gas 0, Miscellaneous 0) Jul 2024: 2 rigs on average (Oil 2, Gas 0, Miscellaneous 0) Aug 2024: 2 rigs on average (Oil 2, Gas 0, Miscellaneous 0) Sep 2024: 3 rigs on average (Oil 3, Gas 0, Miscellaneous 0) Oct 2024: 2 rigs on average (Oil 2, Gas 0, Miscellaneous 0) Nov 2024: 1 rig on average (Oil 1, Gas 0, Miscellaneous 0) Dec 2024: 1 rig on average (Oil 1, Gas 0, Miscellaneous 0) Jan 2025: 1 rig on average (Oil 1, Gas 0, Miscellaneous 0) Feb 2025: 2 rigs on average (Oil 2, Gas 0, Miscellaneous 0) Mar 2025: 2 rigs on average (Oil 2, Gas 0, Miscellaneous 0) Apr 2025: 2 rigs on average (Oil 2, Gas 0, Miscellaneous 0) May 2025: 3 rigs on average (Oil 3, Gas 0, Miscellaneous 0) Jun 2025: 2 rigs on average (Oil 2, Gas 0, Miscellaneous 0) Jul 2025: 0 rigs on average (Oil 0, Gas 0, Miscellaneous 0) Aug 2025: 0 rigs on average (Oil 0, Gas 0, Miscellaneous 0) Sep 2025: 0 rigs on average (Oil 0, Gas 0, Miscellaneous 0) Oct 2025: 0 rigs on average (Oil 0, Gas 0, Miscellaneous 0) Nov 2025: 2 rigs on average (Oil 2, Gas 0, Miscellaneous 0) Dec 2025: 2 rigs on average (Oil 2, Gas 0, Miscellaneous 0) Jan 2026: 2 rigs on average (Oil 2, Gas 0, Miscellaneous 0) Feb 2026: 2 rigs on average (Oil 2, Gas 0, Miscellaneous 0) Mar 2026: 2 rigs on average (Oil 2, Gas 0, Miscellaneous 0) Apr 2026: 2 rigs on average (Oil 2, Gas 0, Miscellaneous 0) May 2026: 2 rigs on average (Oil 2, Gas 0, Miscellaneous 0) Jun 2026: 2 rigs on average (Oil 2, Gas 0, Miscellaneous 0) Jul 2026: 2 rigs on average (Oil 2, Gas 0, Miscellaneous 0) Aug 2026: 2 rigs on average (Oil 2, Gas 0, Miscellaneous 0) Sep 2026: 2 rigs on average (Oil 2, Gas 0, Miscellaneous 0) Oct 2026: 7 rigs on average (Oil 7, Gas 0, Miscellaneous 0)

Interactive chart. Focus it and use the left and right arrow keys to read each month, Page Up and Page Down to move a year, Home and End for the ends of the series. The full figures are also in the table below.

  • In Venezuela, an average of 7 drilling rigs were active in Oct 2026 (7 more than a year earlier).
  • Since Oct 2016, the monthly average peaked at 56 in Apr 2017.
Average active rigs per month: full table
Month Oil-directedGas-directedMiscellaneousAll rigs
Oct 20267007
Sep 20262002
Aug 20262002
Jul 20262002
Jun 20262002
May 20262002
Apr 20262002
Mar 20262002
Feb 20262002
Jan 20262002
Dec 20252002
Nov 20252002
Oct 20250000
Sep 20250000
Aug 20250000
Jul 20250000
Jun 20252002
May 20253003
Apr 20252002
Mar 20252002
Feb 20252002
Jan 20251001
Dec 20241001
Nov 20241001

Source: CommoVision (commovision.com)

What each region has actually reported

Venezuela: every reporting region we publish, largest first. What it has reported and how far it is complete. Rates are for each region's newest complete month, so they are comparable across regions even though the months differ.

RegionOil (Mbbl/d)Gas produced (MMcf/d)Complete throughNewest month reported
Venezuela 1,180.0—2026-072026-07

What we cover here

Each row names the grain a region’s production is held at. Where a source publishes at a coarser grain, the page says so.

DataGrainSinceBenchmark
Venezuela production national total 1973-01 —

Coverage rows for Venezuela are regenerated at every build from the same catalog of sources the data is built from.

What the data shows

  • Venezuela produced 355.0 MMbbl of oil in 2025.
  • Venezuela oil production peaked in 1973 at 1.23 Bbbl; 2025 output of 355.0 MMbbl ran at 29% of that peak.
  • Venezuela production is published as national monthly totals. Those totals are the figures on this page.

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