Geoex MCG named geosciences partner of Venezuela Energy Week 2026

Venezuela Energy Week 2026 has named Geoex MCG its Official Geosciences Partner to deepen technical discussions around the country’s offshore basins and upstream potential. The partnership comes as Venezuela looks to improve data quality, geological certainty and investor confidence in its hydrocarbon sector. Why it matters: - The partnership puts subsurface data and seismic analysis at the center of Venezuela Energy Week 2026. - Venezuela is trying to attract renewed international investment in its upstream sector. - Better geoscience data can help narrow uncertainty around exploration, field development and investment decisions. What happened: - Venezuela Energy Week 2026 appointed Geoex MCG as its Official Geosciences Partner. - The announcement was made in Caracas on June 17, 2026. - The partnership is designed to strengthen the technical basis for discussions around Venezuela’s hydrocarbon basins. - Energy Capital & Power leads the event and framed the deal as a way to bring more geological and geophysical rigor to the sector. The details: - Geoex MCG is the sole provider of offshore seismic data in Venezuela. - Geoex MCG is the only company operating under a multi-client agreement with the Ministry of Hydrocarbons. - Geoex MCG’s newly reprocessed offshore datasets are available for licensing. - The company plans new data acquisition starting in 2026. - Geoex MCG expects its participation to support discussion of basin evolution, seismic imaging quality, prospectivity assessment and offshore field development. - The newly reprocessed data is intended to help evaluate frontier offshore areas and improve imaging of existing fields, including Perla, Rio Caribe/Mejillones/Patao/Dragon and Loran/Cocuina. - Geoex MCG reprocessed part of its dataset in partnership with DUG Technology. - Geoex MCG specializes in geoscientific surveys, subsurface data acquisition, seismic reprocessing and project management services. - The company works across oil and gas, CCUS, natural hydrogen and other energy sectors. - Geoex MCG uses an asset-light business model and works with selected contractors to deliver tailored subsurface solutions. Between the lines: - Venezuela’s upstream pitch is shifting from broad resource potential to data-backed investability. - The partnership suggests event organizers want more emphasis on technical proof points, not just policy or commercial talk. - Geoex MCG’s role also signals that offshore subsurface knowledge remains a gating factor for exploration interest. What’s next: - Geoex MCG’s new datasets will continue to be licensed to interested parties. - New offshore data acquisition is planned from 2026 onward. - The partnership will feed into technical programming at Venezuela Energy Week 2026. - The event will continue positioning itself as a forum for investment frameworks, upstream development and long-term resource strategy. The bottom line: - Venezuela Energy Week 2026 is using Geoex MCG to make its upstream pitch more data-driven, with offshore seismic information becoming a key lever for exploration and investment. More information