Operator
PDVSA
NocVEState-owned
Venezuela’s state-owned oil company.
Last updated
Mar 16, 2026
Confidence
High
Sources
5
Type
Noc
Operated projects
0
Participations
1
Regulatory items
0
Weekly signals
2
Overview
Operator summary
Venezuela’s state-owned oil company.
Projects
Operated projects
| Project | Basin | Production | Status |
|---|---|---|---|
| No operated projects yet. | |||
Participation
Project participations
| Project | Role | Equity | Effective from |
|---|---|---|---|
| PetroPiar | Partner | 70% | Jan 1, 2024 |
Regulation
Regulatory exposure
| Instrument | Type | Target | Date |
|---|---|---|---|
| No regulatory exposure yet. | |||
Weekly signals
Recent linked signals
InvestmentApr 18, 2026
Chevron asset swap with PDVSA
Chevron agreed an asset swap with PDVSA to increase its stake in Petroindependencia to 49% and consolidate its position in Venezuela’s heavy oil projects, while exiting selected gas assets.
SanctionsMar 20, 2026
U.S. Treasury – Office of Foreign Assets Control (OFAC)
U.S. Treasury (OFAC). General License No. 5V – Authorizing Certain Transactions Related to PDVSA 2020 8.5% Bond. 2026-03-19. https://home.treasury.gov/system/files/126/venezuela_gl5v.pdf
Sources
Source documents
Supporting Source—
Chevron · Press Release
Chevron. Chevron filing. undated. https://www.chevron.com/newsroom/2026/q2/chevron-consolidates-venezuela-heavy-oil-position-in-asset-swap?utm_source=twitter&utm_medium=social&utm_campaign=&utm_content=54833209
Supporting Source—
U.S. Treasury · Goverment
U.S. Treasury. Untitled document. undated. https://ofac.treasury.gov/media/935361/download?inline
Facts
Operator facts
- Type
- Noc
- Country
- VE
- Jurisdiction
- Venezuela
- State-owned
- Yes
- Website
- —
Context rail
Linked overview
Operated projects
—
Participations
PetroPiar
Current posture
Snapshot
- Regulatory items
- 0
- Latest signal
- Chevron asset swap with PDVSA
- Last data update
- Mar 16, 2026