East Venezuela

Outline

Key Indicators

Rating

A+

Ranking

16

Outlook

Positive

Commentary

That the outlook for Venezuela is improving, also improves the wider outlook for the basin. We remain positive on the prospects for the basin overall.

Updated

June 18, 2024

Outline

Region

Americas - South

Position

Onshore & Offshore

Hydrocarbon

Gas

Location

East Venezuela

Description

The EVB is a foreland basin south of a fold belt. The progressive west-to-east collision of the Caribbean plate with the passive margin of northern South America in the Paleogene and Neogene formed a thrust belt and foreland basin that together compose the East Venezuela Basin Province.

Summary

The geology of the Basin is well understood and has been actively explored. However, there remains significant opportunities, especially in Trinidad & Tobago, to make further progress.

Source: ESRI, BGS, USGS & OGA data

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