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 for licensing, with ongoing plans to acquire new data from 2026 onwards to further support exploration and development activities.

The partnership brings a leading provider of geoscientific and geophysical solutions for the subsurface to the center of the event's technical program, at a time when Venezuela is seeking to reshape its upstream narrative around data quality, geological certainty, and the definition of investable resources.

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

It is expected that Geoex MCG's participation will enrich technical discussions on the evolution of Venezuelan basins, seismic image quality, prospectivity assessment, and offshore field development. With its recently reprocessed data, exploration in little-explored frontier offshore areas can now be evaluated, as well as improving the image of existing fields, namely Perla, Rio Caribe/Mejillones/Patao/Dragon, and Loran/Cocuina.  

“Venezuela represents a subsurface province of great importance, where the geological potential is well established, but increasingly relies on modern, high-quality data to reveal its value,” said Robert Sorley, President of Geoex MCG. “Supported by our exclusive multi-client agreement with the Ministry of Hydrocarbons, a growing portfolio of reprocessed datasets in partnership with DUG Technology, and plans for further acquisitions, our focus is on enabling international operators to confidently assess offshore opportunities. We are pleased to support Venezuela Energy Week 2026 in strengthening technical dialogue and promoting greater clarity on the subsurface in investment and development discussions.”

Geoex MCG specializes in the design and execution of geoscientific surveys, subsurface 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 business model with few owned assets, the company works with selected contractors to provide customized underground solutions aligned with clients' technical and commercial objectives.

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