North American Blue Energy Partners:
Energy for the Americas

NABEP is bringing Venezuela’s oil fields back to work. Backed by the U.S. Government, we’re restoring production in Lake Maracaibo and the Orinoco Belt with Venezuelan crews and vendors from both the U.S. and Venezuela.

See our workAbout Us
Silhouette of an oil pumpjack against a blue sky with wispy clouds during sunset, with the sun shining through the metal structure near a chain-link fence.
Silhouettes of oil pump jacks operating against an orange sunset sky with the sun near the horizon and power lines in the background.
Silhouetted industrial refinery or processing plant with large cylindrical towers, pipes, and platforms set against a partly cloudy blue sky.
View looking up the moss-covered trunk of a tall tree surrounded by other trees with green leaves against a bright sky.
Two NABEP crew members reviewing a checklist on site
Silhouette of an oil refinery and drilling tower at sunset over the water
Four industrial workers wearing hard hats and protective coveralls having a discussion by a control panel at a large factory or power plant with metal structures and yellow safety railings.
Workers wearing blue uniforms and white helmets operating heavy machinery with cables and a pulley system under a partly cloudy blue sky on a dirt site.
Industrial plant structure with pipes, platforms, and railings silhouetted against a twilight sky with shades of blue and purple.

Our track record

200,000

Barrels per day

Up tenfold from about 18,000 in 2024.

Dockside crew handling equipment beside a cargo ship
5,000

People employed

Nearly 5,000 people work for NABEP.

10,000

Contractor jobs supported

Across Venezuela.

$1B

Invested by the company to start

NABEP patch on a crew member's work uniform
100%

Of our workforce is Venezuelan

Partnership

Built by Venezuelans, backed by the United States.

NABEP holds production contracts for 17 fields in Lake Maracaibo and the Orinoco Belt, with more than 65 billion barrels of proven reserves. The historic agreement between NABEP and the United States government, announced August 31, 2026, backs their development.

Six crew members in hard hats and life vests standing on an offshore helipad

NABEP

We plan to invest nearly $100 billion to raise production to 1 million barrels a day.

Blue industrial pump unit on a skid at a port beside a cargo ship

U.S. Government

The U.S. Government holds rights to a 35% stake in NABEP's parent and the right to buy 20% of its oil production at cost, after PDVSA receives its share.

Crew boat alongside an offshore oil production platform flying the Venezuelan flag

Venezuela

The Venezuelan Government stands to collect $209 billion in royalties and taxes for the first 25 years, and will benefit from increased production through the production contracts (CPP leases) under which PDVSA receives a percentage of the offtake to market directly. Additionally, its people will benefit directly from thousands of jobs.

How the partnership works