Its roles Owner Investor / Financier
Petróleos de Venezuela, S.A. (PDVSA) is Venezuela's state-owned oil company, established in 1976 after the nationalization of the country's hydrocarbon resources.
It oversees the exploration, production, refining, and export of petroleum products, serving as the backbone of Venezuela's economy and a major supplier to international markets.
The company operates through several subsidiaries focused on upstream and downstream activities, including oil sands extraction in the Orinoco Belt and various joint ventures.
Also known as Petroleos de Venezuela SA.
chemXplore tracks 2 projects involving PDVSA, of which 2 are active.
Closest to start-up first.
Framework to supply technologies and services across Venezuela's oil chain as the country seeks to raise output and modernize infrastructure, with focus on heavy and extra-heavy crude.
Proforma gearing at a historic low of 9% and adjusted CFFO lifted to €16.5bn; underlying E&P output +7% to 1.83 mln boe/d. Strategic deals include Junin 5 relaunch and asset monetisations.
Exclusive operatorship granted for Junín-5 oil field; transition from JV under new hydrocarbon law; field holds 35 billion barrels in place and produces about 12,000 bpd.
Updated JV terms and added Orinoco acreage underpin plans to invest $7bn+, more than double output to ~600,000 b/d at under $20/boe over five years.
MoU with Venezuelan government and PDVSA to evaluate Horcón area, study offshore gas prospects, and address payments and crude cargo scheduling.
Inventory-driven earnings and Middle East volatility prompt €1.2bn stock build, kerosene output up 15–20%, €35m in fuel discounts at stations to date.
active all projects
