VEW 2027 Deal Room targets joint ventures, service contracts and offtake deals

Venezuela Energy Week 2027 will host a Deal Room in Caracas on Feb. 22-25 to connect international operators, oilfield service firms and strategic partners with local counterparts. The event is designed to accelerate joint ventures, services agreements, technology deployments and offtake deals as Venezuela seeks to lift oil production and attract new capital.

Why it matters: - The Deal Room is built to turn interest in Venezuela’s oil and gas sector into concrete business deals. - The format is aimed at joint ventures, service contracts, technology partnerships and purchase agreements. - The event comes as Venezuela pushes to raise oil output to 1.3 million barrels per day in 2026 and 1.5 million barrels per day in 2027. - That production target creates opportunities for companies with technical expertise, operating capacity and financing for field rehabilitation, enhanced oil recovery, drilling and output expansion.

What happened: - Venezuela Energy Week 2027 is inviting international operators, oilfield service companies and strategic partners to register as business partners in the Deal Room. - The Deal Room will run Feb. 22-25 at the Simón Bolívar Convention Center in Caracas. - The event will bring together international companies for direct talks with local operators, project developers, asset owners and regional leaders. - The platform is designed to support project discussions and commercial relationships across exploration and production, infrastructure, technology and energy supply.

The details: - International operators and investors can use the Deal Room to identify assets and local counterparties for joint development. - Oilfield service companies and technology providers can pursue deals supporting drilling and workover equipment, artificial lift systems, engineering, digital production systems, reservoir technologies and energy solutions. - The Deal Room also covers gas processing and transport, refinery rehabilitation, power generation, grid infrastructure and energy logistics. - Commercial partners can negotiate offtake and supply agreements tied to specific oil, gas or refined-product assets. - The event will provide direct access to institutions shaping project development and business activity, including the Ministry of Hydrocarbons and PDVSA. - Interested participants can register by emailing info@venezuelaenergyweek.com or visiting more information.

Between the lines: - The Deal Room reflects a broader reopening of commercial engagement around Venezuela’s energy sector. - Recent agreements show that major companies are already re-entering the market through structured partnerships. - Chevron expanded its operating rights in the Orinoco Belt in September, supporting plans by its Venezuelan joint ventures to invest more than $7 billion over five years. - Eni signed a 25-year contract with PDVSA to operate the Junín 5 heavy oil field, taking responsibility for technical, financial and commercial development. - Halliburton signed separate agreements with Eneva and WESCA in September on development opportunities, reservoir evaluation and technical planning. - SLB signed a framework agreement with PDVSA in June covering field development, digital technologies and workforce training. - GE Vernova signed a strategic alliance with PDVSA in September to rehabilitate electrical infrastructure serving Venezuela’s oil industry. - Baker Hughes has partnered with PDVSA, Venezuelan engineering firm Lindsayca and Fulcrum LNG on gas processing, transport and commercialization projects. - Vitol and Trafigura have already completed deals to buy and market Venezuelan oil, while international refineries are seeking direct supply relationships with PDVSA.

What's next: - The Deal Room is positioned to help companies move from market interest to specific commercial terms. - Organizers expect more partnerships around upstream development, midstream infrastructure, power systems and downstream supply. - Companies that want to participate can register now ahead of the Feb. 22-25 event in Caracas.

The bottom line: - VEW 2027 is using the Deal Room to concentrate Venezuela’s energy reset into a single forum for deals, partnerships and supply agreements.