Country report
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22 Pages

Venezuela risk profile

Venezuela risk profile

Report summary

For the oil and gas sector, regulatory volatility, heavy state presence and onerous fiscal terms have stifled foreign investment. The government has made development of the Orinoco Belt a priority, but progress remains slow. These extra heavy oil projects will require significant foreign capital outlays, and Venezuela will have to assure companies that the risk landscape will improve. In the near term, more volatility is likely as the government attempts to unwind multiple economic distortions.

What's included?

This report includes 2 file(s)

  • Venezuela risk profile PDF - 1.17 MB 22 Pages, 3 Tables, 8 Figures
  • Research methodology country and asset risk.pdf PDF - 251.22 KB


Much of the world's resource-rich acreage tends to be located in politically volatile parts of the world. Sustainable growth for oil & gas companies often entails evaluating opportunities beyond familiar borders.

This country risk report provides risk analysis for the upstream oil and gas industry across the asset life cycle – from access through development and commercialisation. We leverage our on-the-ground risk intelligence to assess and forecast risk along 21 risk factors out to 2020.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical risk issues at a country and basin level (on high-profile basins) to define entry or exit strategies. Use it for opportunity screenings and to develop risk mitigation strategies.

Wood Mackenzie’s in-depth insight on assets, companies and markets is complemented by Verisk Maplecroft’s industry-leading global risk analytics and expertise to develop these country risk reports. We deliver an unrivalled commercial intelligence portfolio for the world’s natural resource markets, helping you make complete risk-adjusted decisions that will strengthen your operations and supply chains.

For more information on the spectrum of risk products available for the extractives sector, please contact

  • Executive summary
    • Asset Risk Index (ARI) Forecast - Venezuela
  • Political developments
  • Policy and regulation
    • Key Legislation
  • Country risks
    • I. Access Risks
      • 1. Ease of entry
      • 2. Fiscal system
      • 3. Contract sanctity
      • 4. State presence
      • 5. Regulation
      • 6. Corruption
      • 7. Geopolitics
    • II. Development Risks
      • 8. Labour activism
      • 9. Natural hazards
      • 10. Civil unrest
      • 11. Security
      • 12. Environment
      • 13. Supply chain
      • 14. Local content
    • III. Commercialisation Risks
      • 15. Infrastructure
      • 16. Fiscal stability
      • 17. Pricing
      • 18. Currency risk
      • 19. Domestic market obligation
      • 20. Gas market access
      • 21. OPEC affiliation
  • Risk matrix
  • Basin watch
    • Orinoco Belt Basin
      • Access
      • Development
      • Commercialisation
    • Maracaibo Basin
      • Access
      • Development
      • Commercialisation

In this report there are 11 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
    • Executive summary: Image 1
  • Political developments
    • Political map
    • Political facts
  • Policy and regulation
    • Oil supply-demand balance
    • Gas supply-demand balance
    • Key Ministries and Agencies
  • Country risks
  • Risk matrix
    • Venezuela Risk Matrix - 2016
  • Basin watch
    • Orinoco Belt Basin map
    • Maracaibo Basin map
    • Location map
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We work across every sector of oil, gas, power, renewables, chemicals, metals and mining, covering more than 150 countries. Our proprietary data and models are at the core of everything we do, ensuring our independent asset and company valuations are thoroughly robust and that we offer an accurate forward-looking view of economic indicators such as market supply, demand and price trends.

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