What specific types of oil and gas opportunities did Venezuela's Oil Minister highlight for foreign investors?

Venezuela's Oil Minister Paula Henao stated that while the country is known for its heavy oil, there are also opportunities in light and medium crudes as well as natural gas.

How many exploration and production areas has Venezuela made available to international investors, according to the Oil Minister?

According to Oil Minister Paula Henao, there are 916 areas in Venezuela available for exploration and production.

Venezuela Ready to Sign Oil Deals, Minister Tells Houston Investors

Aug 19, 2026

Venezuela's Oil Minister announced readiness to sign production-sharing contracts with investors in Houston, citing 916 available exploration areas. The government seeks private investment to revive declining production, having recently secured deals with SLB Ltd. and Hunt Oil Co.

bloomberg

2026-08-19

Venezuela Ready to Sign Oil Deals, Minister Tells Houston Investors

Venezuela Ready to Sign Oil Deals, Minister Tells Houston Investors

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