We are excited to announce that as of February 1, Wood Mackenzie is a portfolio company of Veritas Capital, a leading investor at the intersection of technology and government. Our focus remains on providing you with the best intelligence, analytics, data and tools to ensure you are making the best data-driven business decisions with confidence.  

Read more in our news release here. 


Venezuela's road to recovery

Get this report


You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders
- Find out more about subscriptions

02 December 2022

Venezuela's road to recovery

Report summary

Internal politics and US sanctions have impacted the development of the Venezuelan upstream sector during the past several years. Specialized labor shortages, dilapidated infrastructure and lack of funding to new developments brought production to the lowest levels ever recorded. Despite this situation, if the existing sanctions are eased, investment in heavy oil projects can boost the production to 1.5 million b/d before the end of this decade. We investigate the evolving corporate players, fields driving the growth and look at the many risks and unknowns that make any Venezuela forecast wildly uncertain.

Table of contents

  • No table of contents specified

Tables and charts

No table or charts specified

What's included

This report contains:

  • Document

    Venezuela Road To Recovery.pdf

    PDF 1.17 MB