Source: APO – Report:
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With Venezuela introducing sweeping reforms to its hydrocarbons sector and renewed international interest gathering pace, the Venezuela Energy Week London Industry Showcase will bring together policymakers, investors and industry leaders on July 30 to examine how the country’s evolving investment landscape is reshaping opportunities across the oil and gas value chain. Hosted as part of the lead-up to Venezuela Energy Week 2026, the event will move beyond discussions of resource potential to focus on the commercial realities driving the sector’s next phase of growth.
The agenda opens with a keynote address outlining the government’s strategic vision for the sector, including production targets, investment priorities and the policy framework designed to attract long-term international capital. As Venezuela works to accelerate upstream development, the session will offer insight into the country’s roadmap for rebuilding one of the world’s largest hydrocarbon industries. That strategy is already translating into commercial activity: Repsol signed an agreement in April with Venezuela’s Ministry of Hydrocarbons and PDVSA to regain operational control of the Petroquiriquire joint venture and increase production, followed in June by a memorandum of understanding to evaluate development of the Horcón area near Lake Maracaibo.
Building on this outlook, attendees will receive an in-depth overview of Venezuela’s newly enacted hydrocarbons law and its implementing regulations. The session will examine the upstream business models now available under the revised framework and how they are expanding investment flexibility across exploration, development and production. The reforms are already reshaping the operating landscape, with Chevron, Repsol and Eni among the international companies currently migrating their contracts to Venezuela’s new hydrocarbons regime, which provides greater operational autonomy under an updated fiscal framework.
The commercial case for investment will come into focus through an asset-level assessment of Venezuela’s upstream competitiveness. Focusing on mature fields in the Maracaibo Basin and extra-heavy crude developments in the Orinoco Belt, the session will evaluate field valuations, breakeven economics and the competitive advantages created by the country’s revised fiscal regime, giving investors a clearer picture of where value is emerging. In April, Chevron signed two agreements with PDVSA to increase its stake in the Petroindependencia joint venture to 49% and add the Ayacucho 8 block alongside its Petropiar operations, further strengthening its position in the Orinoco Belt.
As production continues to recover, efficient routes to international buyers will play an equally important role in sustaining growth. A dedicated presentation will examine how Venezuela is optimizing storage infrastructure, strengthening export logistics and rerouting crude into premium global markets following the significant inventory clearances achieved earlier this year. The improving export outlook is also drawing renewed interest from international commodity traders, including Vitol and Trafigura, as Venezuelan crude volumes increasingly return to global markets.
The program concludes with a high-level panel discussion featuring international companies with firsthand experience operating in Venezuela. The conversation will examine the practical realities of doing business in the country, from investment and partnership opportunities to operational challenges and the outlook for future collaboration under the evolving regulatory framework.
As the first international event leading up to Venezuela Energy Week 2026, the London Industry Showcase offers a timely opportunity for the global energy community to assess how policy reform, competitive project economics and improving market access are converging to reposition Venezuela as one of the world’s most closely watched upstream investment destinations.
To register for the London Industry Showcase on July 30, visit https://apo-opa.co/4yMg9Ok. To learn more about delegate, sponsorship and partnership opportunities for the showcase or to secure your place at Venezuela Energy Week 2026 in Caracas this October, contact info@venezuelaenergyweek.com.
Supporting Venezuela’s Earthquake Recovery
Energy Capital & Power’s thoughts are with the people and communities affected by the recent earthquakes in Venezuela. As the country begins the long process of recovery, we encourage members of the global energy community to support relief and reconstruction efforts through the CAF Recovery and Reconstruction Fund for Venezuela, which channels contributions from individuals, companies and organizations to emergency assistance, essential services and long-term rebuilding efforts.
To learn more or make a contribution, please visit the CAF Recovery and Reconstruction Fund for Venezuela (https://apo-opa.co/4fVaait).
– on behalf of African Energy Chamber.
