Venezuela's fastest path to production returns.
DensOil is a private upstream oil producer operating in Venezuela.
From its fields to its legal systems and capital structures, our founding team has spent decades inside this market, and we have carried that knowledge forward to this moment.
When the 2026 Venezuelan Hydrocarbon Law opened the country’s upstream sector to full private participation, we were ready.
The Opportunity
That window is open now.
It will not stay open indefinitely.
Venezuela holds the world’s largest proven oil reserve base. For over a decade those reserves have been underleveraged for lack of the right operator.
The 2026 Hydrocarbon Law opened the country’s upstream sector to fully sanctioned private participation. The existing assets and infrastructure are ready — and so is your team with the credentials, the relationships, and the local knowledge to produce them.
Why DensOil
01 • Human IP
Two hundred years of combined expertise earned inside this market across upstream operations, Venezuelan energy law, international capital markets, and heavy oil production.
02 • Lean Execution
Small team of decision-makers moving at the speed of a startup backed by the depth of careers built at the highest level of the industry.
03 • Near-Term Production
Production from fields that are already there. We target proven assets with existing infrastructure and near-term cash flow potential.
The Team
Hatem Soliman
Chief Executive Officer
37 years at SLB. Executive President across Latin America, the Middle East, and Asia-Pacific.
Geir Aune
Chairman
20+ years as CEO or Executive Chairman across seven public oil and gas companies.
Kambiz Safinya
Chief Technology Officer
44 years in oil and gas. Harvard PhD. Heavy Oil Theme Director at SLB. 20+ US patents.
Together We Produce
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