Geoex MCG named geoscience partner for Venezuela Energy Week 2026

Venezuela Energy Week 2026 has tapped Geoex MCG as its official geoscience partner, putting seismic data and subsurface expertise at the center of talks on the country’s upstream future. The tie-up comes as Venezuela looks to attract more international investment and sharpen technical confidence in its hydrocarbon basins. Why it matters: - Geoex MCG’s role gives Venezuela Energy Week 2026 a technical anchor as the country tries to improve investor confidence in its hydrocarbon basins. - The partnership puts seismic quality, geological certainty and investable resource definition at the center of upstream discussions. - The collaboration is aimed at supporting exploration and development decisions in a market seeking new international capital. What happened: - Venezuela Energy Week 2026 named Geoex MCG its official geoscience partner. - The announcement was made June 17, 2026, in Caracas, Venezuela. - Energy Capital & Power said the partnership is designed to strengthen the technical basis of discussions around Venezuela’s upstream sector. - James Chester, CEO of Energy Capital & Power, said the collaboration adds greater geological and geophysical rigor at a critical time for the industry. The details: - Geoex MCG is the only provider of marine seismic data in Venezuela and the only company operating under a multiclient agreement with the Ministry of Hydrocarbons. - Geoex MCG’s recently reprocessed marine datasets are available for licensing. - Plans are in place to acquire new data starting in 2026 to support exploration and development activity. - The partnership is expected to deepen technical discussion on Venezuela’s basin evolution, seismic image quality, prospectivity assessment and offshore field development. - The reprocessed datasets are intended to help assess frontier exploration along the coast and improve imaging of existing fields, including Perla, Río Caribe/Mejillones/Patao/Dragon and Loran/Cocuina. - Robert Sorley, president of Geoex MCG, said Venezuela has strong subsurface potential but increasingly needs modern, high-quality data to unlock value. - Sorley said Geoex MCG is backed by an exclusive multiclient agreement with the Ministry of Hydrocarbons, a growing portfolio of reprocessed datasets developed with DUG Technology and plans for new acquisitions. - Geoex MCG specializes in geoscience survey design and execution, subsurface data acquisition, seismic reprocessing and project management services. - The company supports exploration and development across oil and gas, CCUS, natural hydrogen and other energy sectors. - Geoex MCG operates with an asset-light model and works with selected contractors to deliver customized subsurface solutions. Between the lines: - The partnership signals that technical data is becoming as important as broad resource potential in Venezuela’s effort to reengage global energy investors. - Geoex MCG’s exclusive position in marine seismic data gives the company unusual leverage in the country’s upstream conversation. - Venezuela Energy Week is positioning itself as a venue where geology, data and capital meet, not just a conference focused on policy or promotion. What’s next: - Geoex MCG is expected to take part in technical discussions during Venezuela Energy Week 2026. - New data acquisition beginning in 2026 could expand the company’s offshore dataset and support additional exploration work. - The event will continue to frame debate around investment rules, upstream development and the long-term future of Venezuela’s hydrocarbon base. Bottom line: - Venezuela’s upstream reset is increasingly being framed as a data and subsurface problem, not just a capital problem. - Geoex MCG’s new role puts that shift front and center.