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.
February 1, 2024
Americas - South
Onshore & Offshore
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.
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
© 2024 Oil & Gas Advisors Limited
Website by Rugby Web Design