Venezuela Oil & Gas: The 2026 Outlook
🎫 Early Bird Pricing: $249 until May 28, 2026. Standard registration ($399) opens May 29. Limited to 100 seats.
Venezuela's oil and gas sector is open for U.S. engagement for the first time in over two decades, and the regulatory framework has changed faster than most investors realize.
Since the Maduro government's removal in January 2026, OFAC has issued more than a dozen new General Licenses reshaping what's permitted: GL 46B authorizes activities involving Venezuelan origin oil for established U.S. entities, GL 47 authorizes U.S. origin diluents, GL 48A covers oilfield services and electricity-sector goods, and GL 49A authorizes contingent investment contracts, but the license that opens the actual investment door, GL 50A names specific operators with broader authorization. GL 56–58, issued in April and May, expanded financial services and debt restructuring authority.
Most investors are reading this regime through legal alerts that explain the licenses without explaining how to operate inside them. This briefing closes that gap.
What you'll learn in 2 hours:
• The current political and regulatory map: who holds power, what's been negotiated, what U.S. policy is actually targeting
• A working walk-through of GL 46B, 47, 48A, 49A, 50A, 51A, 54, 55, 56, 57, and 58; what each authorizes, what each prohibits, and how they fit together
• The contingent contract mechanism under GL 49A: structuring binding term sheets and MOUs while the underlying investment authorization is pending
• The Foreign Government Deposit Funds payment-routing requirement under EO 14373, describes the operational detail that derails most first attempts
• Operating reality on the ground: production levels, infrastructure condition, Chevron's Orinoco Belt JV trajectory, why ExxonMobil called the market "uninvestable" and what that signals
• Where capital can move now versus where it has to wait: matching investment type to license type
• A risk frame for sanctions revocability, the Russian-entity carve-outs, legacy claims from the 2007 expropriations, and political durability of the current transition
Who this is for:
Private equity and family office principals evaluating energy positions. Corporate development teams at U.S. oilfield service companies. Energy-sector legal and compliance leads. Operators considering re-entry into Venezuela. Anyone whose investment thesis depends on understanding what is actually permitted under U.S. law today, not what was permitted six months ago.
Format:
Live on Zoom. 2 hours total; 90 minutes of briefing, 30 minutes of Q&A. Recording shared with registered attendees within 48 hours after the session. Limited to 100 seats to keep the Q&A useful.
About the speaker:
Virginia Albornoz is Managing Director of Parra & Ropero International Advisors, a Houston-based advisory firm serving the oil and gas industry. She has more than two decades of experience in OFSE strategy and commercial development with Baker Hughes, Halliburton, and Corva, and holds working knowledge of OFAC General Licenses and active operator relationships across Latin America, specifically in Venezuela.