Geoex MCG holds a unique position in Venezuela's upstream sector as the sole provider of offshore seismic data and the only company operating under a multi-client agreement with the Ministry of Hydrocarbons. Its recently reprocessed offshore datasets are currently available under license, and plans are underway to acquire new data starting in 2026 to further support exploration and development activities.

This partnership places a leading provider of subsurface geoscience and geophysical solutions at the heart of the event's technical program, at a time when Venezuela is seeking to redefine its upstream discourse around data quality, geological certainty, and the definition of exploitable resources.

“This partnership underscores the growing role of subsurface science in guiding investment decisions and operational strategy across Venezuela’s upstream sector,” said James Chester, CEO of Energy Capital & Power. “It brings greater geological and geophysical rigor at a pivotal time for the industry, helping to bridge the gap between resource potential and subsurface certainty.”

Geoex MCG's participation should enrich the technical discussions on the evolution of Venezuelan basins, the quality of seismic imagery, the assessment of exploration potential, and the development of offshore fields. Thanks to their recently reprocessed data, the exploration of still largely unexplored offshore frontier areas can now be evaluated, as can the improvement of imagery in existing fields, namely Perla, Rio Caribe/Mejillones/Patao/Dragon, and Loran/Cocuina.  

“Venezuela represents a very important subsurface province, where the geological potential is well established but increasingly depends on modern, high-quality data to unlock its value,” said Robert Sorley, President of Geoex MCG. “Building on our exclusive multi-client agreement with the Ministry of Hydrocarbons, a growing portfolio of reprocessed datasets in partnership with DUG Technology, and plans for new acquisitions, our goal is to enable international operators to confidently assess offshore opportunities. We are delighted to support Venezuela Energy Week 2026 to strengthen technical dialogue and bring greater clarity about the subsurface to investment and development discussions.”

Geoex MCG specializes in the design and execution of geoscientific studies, underground data acquisition, seismic reprocessing, and project management services, supporting exploration and development activities in the oil and gas, CCUS, natural hydrogen, and other energy sectors. Through its asset-light business model, the company collaborates with selected subcontractors to deliver customized underground solutions aligned with its clients' technical and commercial objectives.

As Venezuela seeks to attract new international investment, Venezuela Energy Week is positioning itself as a leading technical and commercial platform where geology, data and capital converge, fostering dialogue on investment frameworks, upstream development and the long-term future of one of the world's largest hydrocarbon reserves.