Past

2000–2011 | Operations in Venezuela

Operational involvement in Venezuela began in 2000, with direct operating activity in Lake Maracaibo and the Orinoco Belt. Over this period, our leadership progressed from field involvement to senior operational responsibility across procurement, logistics, and on-site deployment supporting artificial lift, oil, gas, and heavy industrial operations.

During this period, we managed the procurement and importation of hundreds of millions of dollars in industrial and energy equipment into Venezuela. This work required end-to-end control of sourcing, logistics, customs, transport, and deployment.

We also planned, constructed, and operated a 90,000-square-foot heavy industrial manufacturing facility in Maracaibo, managing local labor markets, utilities, permitting, and infrastructure constraints within Venezuela’s energy system.

Beginning in 2010–2011, changes to the regulatory and operating environment materially impacted private operators. Access to inputs, approvals, and operating continuity deteriorated, making sustained private operation increasingly unviable. We exited Venezuela during this period.

That experience created lasting institutional knowledge around operating risk, logistics, capital exposure, and asset durability in constrained energy systems.