Three large offshore areas, covering more than 18,000 km, have been reprocessed in 2025 by DUG Technology, dramatically enhancing imaging quality and revealing new prospectivity across the basin, said Geoex.
Three large offshore areas, covering more than 18,000 km, have been reprocessed in 2025 by DUG Technology, dramatically enhancing imaging quality and revealing new prospectivity across the basin, said Geoex.
The company also manages approximately 40,000 km of vintage 2D and 4500 km2 of vintage 3D data volumes, which form part of a multi-phase exploration program.
‘The first data has been made available from Venezuela and processed pursuant to an OFAC specific licence issued to the company. Our announcement aligns with the recent US measures easing restrictions on energy sector services to Venezuala. These developments provide clearer guidance for international companies seeking to license seismic data in accordance with US regulatory requirements,’ said Geoex in a statement.
‘Venezuela is entering a phase of unique commercial opportunity, and Geoex MCG is already on the ground with the seismic insight explorers will need for early evaluation,’ said Robert Sorley, president Geoex MCG. ‘Underpinned by our access to the vintage offshore Venezuelan seismic library, the development of the US licensing framework, and partnership with DUG Technology to reprocess to whole offshore, we’re proud to offer this exclusive regional seismic coverage to the exploration industry.’
Venezuela has long been known for major oil and gas accumulations, from Lake Maracaibo to the Columbus Basin, but modern seismic coverage has historically been limited, said Geoex.
‘The regional coverage provides companies with a broad view of basin trends, supporting early stage opportunity ranking and portfolio planning by assessing underexplored frontier zones adjacent to existing producing areas; mapping self-similar structural trends and DHIs with confidence; and reducing early-stage subsurface risk and accelerate prospect maturation,’ said Geoex in a statement.
