Energy and natural resources in Venezuela

D'Empaire

D'Empaire has a clear strong suit in the oil and gas industry, where the team has been highly active in advising international companies on complex issues relating to the operating models for oil joint ventures implemented by PDVSA, including regulatory issues, procurement processes and the negotiation of oil off-take contracts. The firm also has significant expertise in the mining sphere and in advising on infrastructure projects for petrochemical clients. Fulvio Italiani, who is well versed in corporate and financial transactions in the oil and gas space, and Carlos Omaña, who frequently advises on oil and gas projects, lead the firm.

Responsables de la pratique:

Fulvio Italiani; Carlos Omaña


Principaux clients

Maurel & Prom


KCA Deutag


Principaux dossiers


  • Assisted Maurel & Prom in the negotiation with PDVSA and the Oil Ministry of a new contractual structure to restart the operations of its oil joint venture.
  • Assisted KCA Deutag in its acquisition of Saipem’s onshore drilling business.
  • Acting as local counsel to Maha Energy on its acquisition of a minority stake in Petrourdaneta from Novonor, and its investment programme to increase production after the acquisition.

Dentons

Dentons is well versed in the full range of energy issues, with a strong emphasis on the oil and gas sector, where the team advises a growing number of major international companies on the structuring and restructuring of oil and gas projects, contractual and regulatory issues, and the divesting of investments in Venezuela. In addition, the team stands out for its expertise in advising on the impact of foreign sanctions. Sergio Casinelli focuses on regulatory and transactional matters in the energy sector, advising on projects in both Venezuela and other Latin American jurisdictions; he is also experienced in advising on gold and strategic minerals. Natalija Vojvodic frequently advises on the incorporation of new oil joint ventures, while Daniela Jaimes is skilled in regulatory issues for oil, gas and services companies. Banking specialist Rubén Eduardo Luján and administrative and public law expert Luis Andueza are other key names from the firm.

Responsables de la pratique:

Sergio Casinelli; Daniela Jaimes; Natalija Vojvodic


Les références

‘Great expertise and long experience in the sector. Easy access and availability.’

‘Prompt responses and immediate availability.’

Principaux clients

Mitsubishi


Compañía General de Combustibles


OMV


Pluspetrol


Venezolana de Proyectos Integrados Vepica


New Stratus Energy


Principaux dossiers


  • Assisted Mitsubishi Venezolana in several corporate governance compliance matters.

InterJuris Abogados

Led by Gabriela Rachadell de Delgado, who has a long track record of advising on high-profile transactions in the energy sector, from the Miami and Madrid offices, InterJuris Abogados maintains a full-service oil and gas practice in Venezuela, advising on everything from crude oil, extra heavy oil and hydrocarbon projects to the conversion and incorporation of new joint venture companies, the procurement of upstream onshore and offshore natural gas licences, and the development of infrastructure projects for upstream and downstream companies. Juan José Delgado is experienced in handling all aspects of oil and gas deals, including exploration, farm-in and out and operating agreements, joint ventures and M&A. Luis Ortiz-Álvarez advises on the impact of US sanctions, while Adriana Lezcano handles corporate transactions in the oil and gas sector.

Responsables de la pratique:

Gabriela Rachadell de Delgado


Les références

‘Unique knowledge of the country’s energy market and the technological market.’

‘InterJuris Abogados stands out among other law firms for its deep understanding of the oil and gas sector, having specialists in the sector among its teams.’

‘The firm stands out because it has specialists with a deep knowledge of the sector at a national and international level, which helps to understand where the sector is going and what the client’s specific needs are. Among the lawyers I would like to highlight are Juan José Delgado and Gabriela Rachadell de Delgado.’

Principaux clients

Inpex


DLA Piper


Mitsubishi


Vinccler


Geohidra


Instituto de Empresas Madrid


Inelectra


Hafran


Grupo Temis


Inepetrol


J&F Investimentos


Roraima Group


Allura Capital


Principaux dossiers


  • Provided Grupo Roaraima with an analysis of opportunities, legal risks, US sanctions and advice regarding the investment vehicle, alternatives double taxation treaties and bilateral treaties.
  • Advising Maha Energy regarding US sanctions and the general framework of the oil and gas sector, as well as an analysis of different opportunities in Venezuela.
  • Advising Allura Capital regarding the possibility of creating a new refinery in Venezuela.

Lega

Lega is well known for its prowess in the development, construction and financing of oil and gas, power and infrastructure projects, including hydroelectric power and petrochemical plants. The oil and gas sector is a key area of strength for the firm, which has expertise in upstream, midstream and downstream work. In addition, the team has developed a niche capability in the design, analysis and review of complex international financing structures used by Venezuelan public sector entities. Miguel Rivero, the former president of the board of directors of the Venezuelan Association of Gas Processors, specialises in oil and gas matters, including the development and financing of major energy projects, while José Alberto Ramírez is skilled in regulatory issues and financial transactions in the oil and gas sphere.

Responsables de la pratique:

Miguel Rivero


Principaux clients

Great Energy


GPB Neftegas


Metalurgica Premier


Scaltech International


Kellogg Brown & Root


Gazprombank Latin America Ventures


Venezuelan Association of Gas Processors


GPB Energy Services


Costa Norte Construcciones


Sinopec USA


Principaux dossiers


  • Assisting Gazprombank Latin-American venture in its contractual relationship with PDVSA in the Petrozamora joint venture.
  • Advising oil services provider Wood on the winding up of its subsidiaries’ operations in Venezuela.
  • Advising the Venezuelan Association of Gas Processors on its day-to-day operations.

Baker & McKenzie, S.C.

Baker & McKenzie, S.C. has seen a significant recent increase in oil and gas-related work, building on extensive experience of advising major international companies on corporate and regulatory issues relating to their Venezuelan operations. Eugenio Hernández-Bretón has broad expertise in oil and gas matters, including assisting with arbitrations, and contractual and regulatory matters in this space. María Eugenia Salazar-Furiati is experienced in handling regulatory and contentious matters for oil and gas clients. Senior associates Héctor Martínez, an expert in the mining and oil and gas fields, and regulatory and compliance specialist Jesús Villegas are other key names.

Responsables de la pratique:

María Eugenia Salazar-Furiati


Les références

‘The team stands out for its understanding of the industry and its regulatory environment and the ability to adapt those circumstances to the reality of us as clients of the firm.’

Principaux clients

Total Energies


Helmerich & Payne


Schlumberger


Braskem


Gazprom


Equinor


Eni


Principaux dossiers


  • Advising Total Energies regarding its natural gas and oil operations in Venezuela.
  • Advising Helmerich & Payne regarding its corporate and regulatory obligations in Venezuela, as well as assisting in its compliance with its obligations under the commercial and administrative laws to maintain its subsidiary in Venezuela.

Mendoza, Palacios, Acedo, Borjas, Paez Pumar & Cia.

Mendoza, Palacios, Acedo, Borjas, Paez Pumar & Cia. has a long track record of advising on legal developments in the oil sector and its regulations, including working with the Venezuelan government and state-owned companies in oil-related negotiations and transactions, alongside privatisation processes. Diego Lepervanche and Luisa Lepervanche frequently assist in matters related to international sanctions imposed by the United States and the European Union, while Esteban Palacios Lozada and Luisa Acedo advise contractors to the oil industry and other energy fields. Juan Castillo Carvajal also adds expertise in assisting oil and gas companies regarding tax issues.

Responsables de la pratique:

Esteban Palacios Lozada; Diego Lepervanche; Luisa Lepervanche


Principaux clients

Corporación Solsica


Corporación de Cemento Andino


Formiconi


Consejo Nacional de Promoción de Inversiones


Principaux dossiers


  • Advised various clients in connection with US and EU sanctions and how they interact with Venezuelan law.
  • Advising Corporación de Cemento Andino on the expropriation procedure of a cement production complex in Venezuela.
  • Assisted national and international clients with their projects with the Venezuelan state, particularly operational suppliers for oil extraction.

Palacios, Torres & Korody

Palacios, Torres & Korody advises clients in the energy sector on a wide variety of matters, ranging from financing to taxation and regulatory issues. The firm has seen an increase in work from long-time industry participants, including licensees and concessionaires, as well as engaging with new entrants, assisting with financing, acquisitions and day-to-day operations. Carlos Plaza heads the mining practice at the firm, bringing experience in advising large and medium-sized companies on the acquisition of mining rights in Venezuela and abroad. Daniel Betancourt handles regulatory compliance work for clients in the oil and gas and mining sectors. Juan Korody is another key name from the firm.

Responsables de la pratique:

Juan Korody; Carlos Plaza


Les références

‘Excellent team – always provides useful insights and does not settle for less.’

‘Great individuals and excellent leaders that bring together a cohesive team which consistently delivers top-tier results.’

Principaux clients

Schlumberger Venezuela


Eni Venezuela


Sucre Energy Group


Cardón IV


Perenco


Total Oil and Gas Services


Principaux dossiers


  • Engaged to assess the tax effects on the current contractual scheme used for employees of Eni Venezuela that have been seconded to Cardon IV’s ongoing natural gas projects in Venezuela.
  • Advised Sucre Energy Group on the design and implementation of a permanent income tax policy with regard to recently acquired interests in a natural gas joint venture in the Yucal Placer block.
  • Advised Schlumberger Venezuela on the sale of drilling rigs in the country.

LEC Abogados

Led by Juan Carlos Andrade, LEC Abogados' oil and gas department has experience of assisting in oil projects across Venezuela, acting for major international oil companies, E&P companies and service providers. The practice covers financial transactions and corporate, tax and regulatory matters. Other key names in the practice include associates Arturo Jáuregui and Ivanna Blanco Mendoza.

Responsables de la pratique:

Juan Carlos Andrade


Les références

‘Excellent team led by Juan Carlos Andrade – very knowledgeable about the regulatory framework in oil and natural gas, and very involved in the sector. What makes the practice unique is that it deals with the current environment well, adapting to market needs and knowing the mind-set of state public policy makers.’

‘Respected, discreet, knowledgeable, with extensive experience in the regulatory environment. They are also university professors and highly recognised as experts.’

‘In-depth knowledge of petroleum matters.’

Principaux clients

Cámara Petrolera de Venezuela


Principaux dossiers


  • Advised Cámara Petrolera de Venezuela on new regulations, international sanctions and a new organic hydrocarbons law project.

Travieso Evans Arria Rengel & Paz

Travieso Evans Arria Rengel & Paz has long been active in the energy space in Venezuela, with significant experience of advising on oil projects, and it has recently been engaged on a growing number of mandates relating to re-entry to the Venezuelan market. Areas of strength for the team range from regulatory issues to labour, taxes and contractual matters. Simón Guevara Camacho, who frequently advises major national and multinational energy companies on corporate matters, leads the firm alongside Eduardo Travieso Uribe. Hernando Barboza Russian and Daniela Del Vecchio are also key contacts.

Responsables de la pratique:

Simón Guevara Camacho; Eduardo Travieso Uribe


Principaux dossiers