Venezuela: Competitive Landscape and Investment Risk Outlook

While the political environment in Venezuela remains in flux, the US is advancing its energy agenda. US firms have cautiously signaled investment interest, but Energy Intelligence sees this as likely contingent on political stability, physical security, sanctions removal and attractive fiscal terms. At the same time, Washington’s plan to restore the Venezuelan oil sector will need to include PDVSA, which relies on a network of partners. A review of this cobbled competitive landscape may be on the table. We expect Caracas to advance short-term energy policy changes, but long-term investment clarity will be needed.

Key contents of the report:
•    Energy Intelligence political scenarios and production forecasts
•    PDVSA strategic overview
•    Country Risk Index score and aboveground risk overview
•    Fiscal terms and operating conditions
•    Sanction overview and outlook
•    Debt and arbitration claims
•    Energy sector rehabilitation requirements
•    Key upstream projects and joint venture agreements
•    Competitive landscape