Carabobo 3 is developed in cooperation with Chevron Corporation (34%), Suelopetrol (1%) pct, and Mitsubishi Corporation and Inpex (5%). It consists of Carabobo block 2 South, block 3, and block 5. The expected production output will be 400 thousand barrels per day (64×10^3 m3/d) by 2013.