South America / GoM
Country summary: Venezuela
energy-pedia opportunities - Venezuela:
| Current deals: | 0 |
| Licensing articles: | 88 |
| Completed deals: | 31 |
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Energy-Pedia opportunities is a unique, online, real-time market intelligence service, un-matched in the industry. It provides comprehensive details of upstream oil and gas opportunities worldwide, plus full details of all current and upcoming licence rounds. Helping established oil companies maintain and develop their upstream portfolios and enabling start-up companies to build successful businesses.
Venezuela - recent news
| 02 Sep 26 |
Venezuela: Eni signs strategic contract in Venezuela and becomes Operator of the super giant Junín-5 oil field Eni and PDVSA signed the 'Contrato de Participación Productiva de Hidrocarburos' (CPPH) relating to the development of the Junín 5 giant oil field, located onshore in the Orinoco Belt. The CPPH, which has a duration of 25 years with the possibility of extension, grants Eni the role of exclusive Operator of the Junín 5 area, with full responsibility for the technical, financial and commercial management of the project. Junín 5 is a heavy oil field containing 35 billion barrels of certified oil in place. |
| 14 Aug 26 |
Venezuela: XRG advances global gas strategy with entry into Venezuela XRG, ADNOC's international energy investment company, has announced its entry into Venezuela through the award of the offshore Loran licence by the Bolivarian Republic of Venezuela, and the transfer of interest in the license by PDVsA Gas. The licence contains over 4 trillion cubic feet of proven gas resources. |
| 13 Aug 26 |
Venezuela: bp awarded Loran Phase 2 licence as bp and Venezuela deepen offshore energy cooperation bp and the Government of the Bolivarian Republic of Venezuela have signed agreements to advance offshore gas development, including the award of an exploration and production licence for Phase 2 of the Loran field in the Plataforma Deltana area. Loran Phase 2 contains an estimated 4 trillion cubic feet of recoverable gas resources. |
| 17 Jun 26 |
Venezuela: Repsol signs agreement to explore and develop a new oil area in Venezuela Repsol has signed a memorandum of understanding with Venezuela's Ministry of Hydrocarbons and state-owned oil company Petróleos de Venezuela (PDVSA) to assess the potential development of a new area known as Horcón, located southeast of Lake Maracaibo. |
| 12 Jun 26 |
Venezuela: SLB and PDVSA sign MoU for digital transformation of Venezuela’s oil and gas sector SLB has signed a long-term framework agreement with Petróleos de Venezuela, S.A. (PDVSA) to support the revitalization and modernization of Venezuela’s oil and gas sector. The memorandum of understanding (MoU) establishes a basis for cooperation across exploration, field development, production, digital enablement and workforce training and development. |
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