East Venezuela

Outline

Key Indicators

Rating

A+

Ranking

13

Outlook

Positive

Commentary

Despite the fact that majority of the Basin is located in Venezuela, which we continue to believe is likely to implode, the portion of the Basin located outside of Venezuela's borders lifts the our outlook to Positive.

Updated

April 14, 2021

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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