Venezuela Vendor Qualification: How to Get Invited to Work for the Six GL 50C Operators
A live working session - Master Class
Six international operators are active in Venezuela under OFAC GL 50C: Chevron, Repsol, Eni, Shell, BP, and Maurel & Prom. Every one of them is engaging service companies. Most companies that approach them get stuck at the same three gates:
Gate 1: The Local Entity Question. Since the January 29, 2026, reform of Venezuela's Organic Hydrocarbons Law, the old assumptions no longer apply. What operators actually require: invoicing, equipment import, personnel mobilization, and how to structure it right the first time.
Gate 2: The Compliance Stack. On August 27, 2026, OFAC refreshed the entire Venezuela license framework; GL 50C now governs the six operators, alongside updated licenses across oil, supply, and payments. This session covers the stack exactly as it stands today: which General Licenses your company needs to stand on, what your bank will ask, and what makes an operator's compliance team say yes.
Gate 3: The Qualification Sequence. Vendor registration has an order to it. Done out of sequence, you wait months. I've been through the process personally, on the ground, start to finish.
Proof this works: In July 2026, I guided a client company, incorporated only 3 months earlier, through this exact sequence. Result: a direct invitation from Repsol (Madrid) to bid via SAP Ariba. The tender has been submitted. That's the process you'll walk away with.
Format: First hour, the framework. Second half; open Q&A where your company's specific scenario gets addressed. With 11 seats, everyone's does.
Includes: full session recording + the session handbook covering the complete GL framework and qualification roadmap + the Vendor Readiness Checklist, a one-page gap assessment you can run on your own company the same day.
Who this is for: drilling, completions, artificial lift, chemicals, logistics, inspection, and engineering services companies evaluating Venezuela entry.
Virginia Albornoz — Managing Director, Parra & Ropero International Advisors. 24 years in oil & gas: Baker Hughes, Halliburton, LATAM upstream.