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Established U.S. Entity  ·  OFAC Authorized Operator  ·  Already On The Ground

Operator-Led.
Capital-Disciplined.
Built for This Moment.

Nexus Energy Venezuela, LLC is a U.S.-registered upstream operator pursuing phased reactivation of Venezuela's mature oilfields — restoring production, stabilizing regional energy supply, and advancing U.S. energy and foreign policy interests.

Our Development Model About Nexus
303B
Barrels — World's Largest
Proven Crude Reserves
50K+
BOPD Production Target
Within 24 Months
$500M+
Committed Capital
Deployment
$1.1B
Leadership Team's
Documented Prior Exit
About the Company

A U.S. Operator Built
for Venezuela

Nexus Energy Venezuela, LLC is a U.S.-registered limited liability company and a wholly owned subsidiary of Strata Energy Partners. The company was purpose-built to pursue upstream oil and gas development in Venezuela in alignment with U.S. energy policy and applicable OFAC regulatory frameworks.

As an established U.S. entity, Nexus Energy Venezuela operates under current OFAC general license authorizations — which collectively permit qualified U.S. companies to explore, exploit, lift, refine, trade, and commercialize Venezuelan-origin oil and petrochemical products.

Nexus Energy Venezuela has assembled a coalition of specialized partner organizations — Ocala, IGS, Fenikso, and USTS — covering the full lifecycle of the development program: upstream operations, basin geoscience, modular downstream infrastructure, and U.S.-based capital deployment.

Our parent company, Strata Energy Partners, provides the operational spine: a multidisciplinary upstream team with a documented track record of building, scaling, and exiting oil and gas assets at scale in the Permian Basin and beyond.

Team already on the ground. The Nexus Energy Venezuela operating team is currently based in Caracas — enabling immediate field mobilization upon receipt of applicable authorizations, with no greenfield workforce development required.
Regulatory & Compliance Standing
Established U.S. Entity
Nexus Energy Venezuela, LLC is a U.S.-registered subsidiary of Strata Energy Partners — organized and structured to operate within applicable OFAC authorization frameworks governing Venezuelan-origin oil and gas
OFAC General License Framework
Operations structured in accordance with current OFAC general licenses authorizing qualified U.S. entities to explore, exploit, lift, refine, and commercialize Venezuelan-origin oil and petrochemical products
U.S.-Governed Contract Terms
All material agreements specify U.S. law as governing law with U.S.-based dispute resolution, in accordance with applicable OFAC general license conditions
U.S.-Based Capital Partners
Project financing structured through U.S.-domiciled institutional sources — Fenikso and USTS — deploying primarily U.S. funds in accordance with applicable payment requirements
Government Relations & Compliance Review
Retained government relations counsel reviews all public-facing materials and regulatory representations prior to publication
The Opportunity

Venezuela's Energy
Sector Is Reopening

Venezuela holds the world's largest proven crude oil reserves — 303 billion barrels — yet its oil industry has been starved of investment, equipment, and technology for two decades. Following January 2026's political transition and sweeping Hydrocarbons Law reform, the U.S. government has issued the broadest sanctions relief in years. The window is open now.

  • Degraded Upstream Infrastructure
    Over 1,600 wells shut in across six identified onshore fields with no obvious technical justification — representing immediate reactivation potential at low geological risk
  • Constrained Domestic Fuel Supply
    Severe shortage of refined products within producing basins limits industrial, mining, and logistics activity across strategically important regions
  • Unreliable Grid Power
    Chronic grid instability suppresses industrial, mining, and mineral exploration activity — constraining access to Venezuela's confirmed rare earth and strategic mineral deposits
  • A Restricted Field of Eligible Operators
    Current OFAC general licenses limit participation to established U.S. entities meeting defined eligibility criteria — Nexus Energy Venezuela and its partners qualify; many prospective competitors do not
Regulatory Framework Note
Current OFAC general licenses (issued January–February 2026) collectively authorize qualified U.S. entities to explore, exploit, lift, export, refine, and commercialize Venezuelan-origin oil and petrochemical products, subject to conditions including U.S.-governed contracts, U.S.-based dispute resolution, and specified payment structures. References herein are informational only and do not constitute legal advice. Consult qualified legal counsel before entering any transaction.
303B
Barrels of proven crude reserves — the world's largest, underperforming for two decades due to corruption, hostility, and state control
6
Mature onshore oilfields identified across the Barinas-Apure and Eastern Venezuela basins — combined baseline of ~48,000 BOPD with substantial upside
1,600+
Shut-in wells with no obvious technical reason — a large, de-risked reactivation inventory requiring workover and optimization, not exploration
Now
The Departments of State, Treasury, Interior, and Energy are engaged. Qualified U.S. entities that mobilize first establish the operational frameworks that define the sector's recovery
Integrated Development Model

Three Mutually
Reinforcing Components

Rather than pursuing piecemeal recovery, Nexus integrates upstream production, modular refining, and localized power generation within each producing basin — creating self-reinforcing energy hubs that deliver measurable output at every phase, without dependency on national infrastructure.

$500M+ total committed capital  |  scaled to verified performance benchmarks
01
Upstream Oilfield Reactivation
Production Restoration
Targeting six mature onshore oilfields across the Barinas-Apure and Eastern Venezuela basins, featuring light-to-medium gravity crude with low geological risk. A three-phase U.S.-proven field development methodology is applied: optimization of currently producing wells, completion of drilled-uncompleted wells, and phased new development drilling. Both basins feature excellent reservoir characteristics — high porosity, strong hydraulic drive, and well-understood productive formations.
Production target50–70K BOPD
Estimated investment~$140M
Risk profileLow (mature fields)
Estimated payback~4 years
02
Modular Refining
Domestic Fuel Supply
Small-scale modular topping plants co-located within producing basins and engineered in alliance with Polaris (Louisiana, USA). Each unit is fed directly from adjacent oilfield production and delivers gasoline, jet fuel, diesel, and bunker into the basin's industrial supply chain — eliminating dependence on Venezuela's degraded national refinery infrastructure. Phase I reaches 10 kbpd within 18 months of permits; Phase II expands to 30 kbpd on month 42.
EPC Partner: Polaris — Louisiana, USA
Refining capacity10–30 KBPD
Estimated investment~$80M
Phase I operational~18 months
Estimated payback~3 years
03
Local Power Generation
Industrial Energy Reliability
Dedicated power plants fueled by refinery bottom products supply reliable electricity to oilfield operations, mineral exploration and mining activity, and broader industrial users in producing regions. This directly eliminates the grid instability that has suppressed Venezuela's productive capacity for years and blocked access to its confirmed strategic mineral deposits. Leased generation equipment from Propak bridges the gap during early field operations before the power plant comes online.
Generation capacity30–100 MW
Estimated investment~$50M
CustomersOilfield + Industrial
Strategic Outcomes

Aligned with U.S. Interests.
Executable from Day One.

Restored Domestic Fuel Supply
Basin-level modular refining delivers diesel, gasoline, and refined products directly to industrial users — reducing import dependence without requiring national infrastructure rehabilitation.
Verifiable Production Growth
A targeted increase of 50,000+ BOPD within 24 months, structured as a phased, benchmark-tied production ramp creating a repeatable framework for additional basin development.
U.S. Energy Security
New Western Hemisphere supply operated under U.S.-governed contract terms — diversifying sources, reducing adversarial-producer dependence, and advancing U.S. energy and foreign policy objectives.
Strategic Minerals Access
Venezuela's producing regions overlay confirmed rare earth and strategic mineral deposits. The reliable industrial power created by this initiative directly enables U.S.-aligned mineral exploration and extraction — a critical supply chain priority for the Departments of Interior and Energy.
Venezuelan Economic Stabilization
Restored production, domestic fuel supply, and reliable power create a measurable foundation for broader economic recovery — aligned with U.S. State Department objectives for stabilization, reconstruction, and transition.
Scalable, Repeatable Framework
The modular, basin-level approach templates expansion into additional fields as performance benchmarks are met — not contingent on national infrastructure or large-scale institutional reform.
Proven Track Record

This Team Has
Done It Before.

The leadership behind Nexus Energy Venezuela has built and scaled upstream oil and gas operations from the ground up — executing multi-year development programs, deploying large capital positions, and delivering verifiable, documented outcomes.

At Point Energy Partners, the current Strata team grew production from 250 BOEPD to over 40,000 BOEPD before executing a $1.1 billion exit acquired by Vital Energy in 2024. The operational playbook that drove that result is the one being applied in Venezuela.

160×
Production growth — 250 to 40,000+ BOEPD at Point Energy Partners
$1.1B
Exit value — acquired by Vital Energy (NYSE: VTLE), 2024
40K+
Peak BOEPD achieved under current leadership team
28+
Years leadership experience in oilfield services and E&P
Foundation
Point Energy Partners — Entry
Victor Figueroa and the core team enter Point Energy Partners at 250 BOEPD. A phased, multi-rig development program is initiated across Permian Basin acreage with disciplined, milestone-tied capital deployment.
Scale-Up
40,000+ BOEPD Achieved
Phased drilling campaigns, centralized production and water infrastructure, and optimized well design drive production growth exceeding 160× from entry. World-class water handling systems constructed at scale. Team grows from 4,000 BOEPD to 40,000 BOEPD at peak.
2024
$1.1 Billion Exit — Vital Energy Acquisition
Point Energy Partners acquired by Vital Energy (NYSE: VTLE) in a transaction totaling $1.1 billion — one of the most significant upstream E&P exits of the year.
2025–2026
Strata Energy Partners & Nexus Energy Venezuela
Leadership team reconvenes under Strata Energy Partners. Nexus Energy Venezuela, LLC established as the Venezuela-focused operating subsidiary — team mobilized to Caracas and positioned for immediate field operations upon authorization.
Executive Leadership

Operator-Led.
Execution-Focused.

Nexus Energy Venezuela & Strata Energy Partners
VF
Victor Figueroa
President & CEO
28+ years in oilfield services and E&P. Led Point Energy Partners from 250 to 40,000+ BOEPD and a $1.1B exit acquired by Vital Energy in 2024. President of both Strata Energy Partners and Nexus Energy Venezuela, LLC.
NR
Nathan Roberts
SVP — CFO
Focused on asset selection, transaction structuring, and portfolio-level decision-making. Key role in scaling high-quality upstream assets through disciplined capital allocation and risk management.
GJ
Garrett Jeffery
SVP — Reservoir / BD
Technical leader integrating geology, reservoir modeling, and production data to drive development decisions. Instrumental in identifying and de-risking high-return drilling inventory at scale across the Permian Basin.
CS
Chris Savage
SVP — Geology
Expert in unconventional resource plays and multi-rig campaigns. Key role in growing Point Energy from 4,000 to 40,000+ BOEPD at peak. Deep expertise in geologic mapping and acreage evaluation.
Additional Leadership — Partner Organizations

The Nexus Energy Venezuela program draws on a multinational leadership team across upstream operations, geoscience, refinery engineering, project development, and project finance — spanning the USA, Venezuela, Colombia, and the UK. Full partner leadership profiles are available upon request.

Partner Organizations

A Full-Capability
Partner Network

Nexus Energy Venezuela operates through a coalition of specialized partners covering every phase of the program — upstream operations, basin geoscience, modular downstream infrastructure, and U.S.-based capital deployment.

Operational & Downstream Partner
Ocala Energy
Surface Facilities · EPC · Refinery Operations · Trading
Ocala is a spin-off of Vetra Energía SL, operating through its U.S.-based entity Ocala Energy. The company brings integrated capacity across engineering, EPC project management, pre-commissioning and start-up, operations and maintenance, hydrocarbon trading, and refinery management. Ocala's teams have executed projects across Iraq, UAE, Nigeria, Liberia, the USA, Argentina, Colombia, Trinidad & Tobago, and Venezuela — with direct experience managing refineries, production facilities, storage terminals, and shipping infrastructure. Within the Nexus program, Ocala leads surface and downstream project development and serves as the primary operations and maintenance partner for modular refining.
12+
Countries of
project execution
EPC
Full lifecycle — design
through operations
Geoscience & Engineering Partner
IGS
Geology · Geophysics · Reservoir Engineering · Field Development
Founded in 2003, IGS is a geoscience and engineering firm with deep, specialized knowledge of Venezuelan oil basins — built over decades by a team that is primarily of Venezuelan origin, averaging 30+ years of international experience. IGS integrates geology and geophysics with direct field operations oversight, enabling more precise, assertive decision-making across the development lifecycle. The firm has worked across 87 fields for 32 clients including PDVSA subsidiaries, Chevron, Shell, Repsol, Petronas, and Gazprom, with direct involvement in the study and drilling of over 1,800 wells and development of 274 geological models across eight countries.
87
Fields across
8 countries
1,800+
Wells studied
& drilled
274
Geological
models developed
Capital Partner
Fenikso
U.S.-Based Institutional Capital
Fenikso is a U.S.-domiciled institutional capital partner providing primary financing for the Nexus Energy Venezuela program. Capital is deployed primarily through U.S. funds in accordance with applicable OFAC payment and reporting requirements.
Capital Partner
USTS
U.S.-Based Institutional Capital
USTS is a U.S.-domiciled institutional capital partner contributing to the program's financing structure alongside Fenikso. All capital deployment is structured in alignment with applicable OFAC general license payment requirements.
Project Allies & Specialist Contractors
Polaris EPC
Louisiana-based full-service EPC contractor for heavy industry. Modular refinery engineering, fabrication, and construction partner for the Nexus program. Proudly Made in USA.
Propak Systems
Modular upstream production and processing solutions provider with U.S. offices in Houston, Casper, and Williston. Nine prior Venezuela projects. Provides leased generation equipment for early field operations.
TGT Diagnostics
Subsurface diagnostics specialist converting well and reservoir data into actionable production decisions. Present in 40 countries with 17,500+ wells diagnosed and 50+ patents.
Chemie Tech USA
Texas-registered global EPC contractor for bulk storage terminals, port topside facilities, utilities, and pipeline projects. Equipment and steel sourced from USA. Operations in 12 countries.
Capability Statement

Entity & Competency Summary

The following summary is provided for government agency reviewers, contracting officers, and institutional partners evaluating Nexus Energy Venezuela, LLC for program participation or contract engagement.

Nexus Energy Venezuela, LLC
U.S.-Registered Limited Liability Company  |  Subsidiary of Strata Energy Partners
Entity Role
Lead Operator & Project Sponsor
Legal Entity Type
U.S. Limited Liability Company (LLC)
Parent Company
Strata Energy Partners
OFAC Authorization
Established U.S. Entity — Current GL Framework
SAM.gov / CAGE Code
Pending — contact Victor Figueroa
Primary NAICS Code(s)
To be confirmed
Primary Point of Contact
Victor Figueroa, President & CEO
Core Competencies
Upstream Oilfield Reactivation
Systematic reactivation of shut-in wells and phased new development drilling in mature onshore fields — low geological risk, quantified production upside.
Modular Energy Infrastructure
Basin-scale modular refining and power generation — rapid deployment independent of national infrastructure rehabilitation.
Capital-Disciplined Development
Phased capital deployment tied to verified performance benchmarks — incremental execution, controlled exposure, multiple value paths.
OFAC-Compliant Operations
Operational structures aligned with applicable OFAC general licenses — U.S.-governed contracts, U.S.-based capital, required payment structures.
Binational Operating Teams
U.S. technical and capital leadership paired with Venezuelan oilfield professionals already positioned in-country — immediate mobilization, no greenfield workforce development.
Large-Scale Exit Track Record
Demonstrated ability to build, scale, and transact upstream assets — including a documented $1.1B exit by the current leadership team in 2024.
Past Performance — Key Reference
Point Energy Partners  |  Permian Basin, West Texas
Grew production from 250 BOEPD to 40,000+ BOEPD under current leadership. Executed multi-year, multi-rig development program with centralized production and world-class water infrastructure. Completed $1.1 billion strategic exit — acquired by Vital Energy (NYSE: VTLE), 2024.
Contact

Engage With
Our Team

Nexus Energy Venezuela, LLC welcomes inquiries from U.S. government agencies, institutional investors, capital partners, and qualified operational counterparties. Use the form to initiate contact — a member of our leadership team will respond directly.

Entity Nexus Energy Venezuela, LLC
Parent Company Strata Energy Partners
Email info@nexusenergyve.com