Geoex MCG named geosciences partner for Venezuela Energy Week 2026

Venezuela Energy Week 2026 has tapped Geoex MCG as its official geosciences partner to deepen technical discussions around the country’s upstream potential and offshore data. The move comes as Venezuela looks to draw more international interest, with new seismic work and licensing opportunities set to shape exploration decisions. Why it matters: - Geoex MCG’s role adds subsurface data and geoscience expertise to a conference focused on Venezuela’s hydrocarbon future. - The partnership could help sharpen investment and exploration discussions by improving geological certainty around offshore prospects. - The timing matters as Venezuela seeks renewed international capital for upstream development. What happened: - Venezuela Energy Week 2026 named Geoex MCG its Official Geosciences Partner. - The announcement was made in Caracas on June 18, 2026. - Energy Capital & Power said the partnership is meant to strengthen the technical foundation of discussions around Venezuela’s hydrocarbon basins. The details: - Geoex MCG is the sole provider of offshore seismic data in Venezuela’s upstream sector. - Geoex MCG is also the only company operating under a multi-client agreement with the Ministry of Hydrocarbons. - The company’s newly reprocessed offshore datasets are available for licensing. - New data acquisition is planned from 2026 onward to support exploration and development. - Geoex MCG’s participation is expected to support technical sessions on basin evolution, seismic imaging quality, prospectivity assessment and offshore field development. - The newly reprocessed data can be used to evaluate underexplored frontier areas offshore. - The data also improves imaging of existing fields including Perla, Rio Caribe/Mejillones/Patao/Dragon and Loran/Cocuina. - Robert Sorley, president of Geoex MCG LLC, said the company wants to help international explorers assess offshore opportunities with confidence. - Sorley said the company’s portfolio includes datasets reprocessed with DUG Technology. - Geoex MCG works across oil and gas, CCUS, natural hydrogen and other energy sectors. - The company provides geoscientific surveys, subsurface data acquisition, seismic reprocessing and project management services. - Geoex MCG says its asset-light model relies on selected contractors to deliver tailored subsurface solutions. - More information is available through the event’s LinkedIn showcase page . Between the lines: - The partnership signals that Venezuela is trying to shift the upstream conversation from broad resource potential to data-backed investment decisions. - Better seismic imaging can reduce uncertainty, which can matter as companies weigh frontier exploration against existing field development. - Positioning a geoscience provider inside the event program suggests the conference is leaning into technical credibility, not just commercial promotion. What’s next: - Geoex MCG’s reprocessed datasets are expected to stay available for licensing as the company prepares new offshore data acquisition from 2026. - Venezuela Energy Week 2026 is likely to use the partnership to drive more detailed technical dialogue on exploration and development. - The event will continue framing itself as a venue where geology, data and capital meet around Venezuela’s upstream outlook.