Venezuela

CH4 launches alliance to rebuild Venezuela oil, gas infrastructure

February 24, 2026

(WO) — CH4 Systems LLC has formed a strategic alliance aimed at enabling U.S. energy companies to restore Venezuela’s oil and gas infrastructure under a U.S. governance framework.

The U.S.-owned engineering, procurement and construction (EPC) firm announced an agreement with Venezuelan industrial partners Consorcio de Cogestión Venequip (CCV) and Servi Compresores C.A. (SC) to provide a compliance-aligned pathway to restart stalled well operations and rehabilitate upstream assets.

CH4 will serve as project lead and integrator, overseeing technical execution, contractual structure and sanctions compliance. The company said it will apply its EPC+Financing model to manage project governance and financing flows.

The alliance combines CH4’s U.S.-based engineering capabilities with CCV’s national network of workshops and field equipment fleet, along with SC’s compressor repair and modernization expertise. Local technical personnel are expected to support field operations, reducing the need for U.S. companies to deploy staff on the ground.

The agreement is structured around current U.S. sanctions requirements, including alignment with OFAC licensing and federal regulations governing Venezuelan oil revenues held under U.S. jurisdiction. CH4 said project activity will advance only after confirmation of legal compliance under applicable general or specific licenses.

“This alliance combines the rigorous standards of American engineering with the immediate, on-the-ground industrial capacity needed to rebuild Venezuela’s energy sector,” said Juan Bellosta, CEO of CH4 Systems. “With our EXIM-recognized track record and the localized strength of CCV and SC, we are providing the stable, compliant bridge that U.S. energy companies will need to return to the region with confidence.”

The initiative comes as U.S. policy shifts create potential pathways for limited re-engagement in Venezuela’s upstream sector, where infrastructure deterioration has constrained production and well performance.