The development comes as Venezuela’s energy industry enters a period of renewed focus, with international stakeholders assessing how capital, technology and partnerships can support the recovery and expansion of one of the world’s most resource-rich hydrocarbons markets. Eni’s plans for Junín 5 – a major Orinoco Belt project – underscore both the scale of Venezuela’s resource potential and the role international operators can play in unlocking it, with production from the field expected to reach a plateau of 200,000 barrels of oil per day.

These opportunities will take center stage at the Venezuela Energy Week London Industry Showcase on July 30, where investors, operators, financial institutions and energy leaders will come together to examine the next phase of Venezuela’s energy development.

While Venezuela possesses some of the world’s largest hydrocarbon resources, translating that potential into sustainable production growth will require more than reserves alone. The country’s future energy trajectory will depend on investment, advanced technologies, infrastructure development and partnerships capable of addressing operational challenges and transforming opportunities into bankable projects.

For UK and European companies, Venezuela presents a significant opportunity to engage with a market where technical expertise, financing capabilities and international experience will be critical. From upstream development and field rehabilitation to oilfield services, infrastructure and project support, international participation will play a central role in shaping the sector’s next chapter.

Taking place in London – one of the world’s leading hubs for energy finance, investment and technical services – the Industry Showcase will provide a platform for direct dialogue between Venezuelan stakeholders and international partners. Discussions will focus on the practical pathways needed to support investment, strengthen operational capabilities and build long-term value across Venezuela’s energy sector.

As global energy markets continue to evolve, Venezuela’s ability to attract international investment and leverage global expertise will be critical. The London Industry Showcase provides a timely opportunity for companies looking to understand the country’s evolving energy landscape, identify emerging opportunities and engage directly with the stakeholders shaping its future.

To register for the London Industry Showcase on July 30, visit https://www.venezuelaenergyweek.com/rsvp-london. 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

Our 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.