Oil & Gas Exploration and Production in Venezuela

Delphos acted as an advisor to Vinccler Oil and Gas (“VOG”) who was developing an oil and natural gas field in western Venezuela. To benefit from the Center-East and West Gas Transportation Systems Project being developed by Petroleos de Venezuela, S.A., Delphos assisted in obtaining grant support for US$375,000 from U.S. Trade and Development Agency (“USTDA”), approved in August 2001 to cover a portion of the costs of conducting a feasibility study required for constructing essential infrastructure to connect with ICO. Additionally, the firm obtained expansion financing from IFC to further develop two existing oil and gas fields.

Details

Category

  • Oil & Gas

Client Name

Vinccler Oil & Gas

Services Provided

  • Capital Raising

Region

  • Latin America & the Caribbean

Country

  • Venezuela