Westlawn Americas Offshore (WAO)

Congratulation to the Atlanta FPSO team. Great video of an amazing story.! https://lnkd.in/d8JNj_JJ

Our new website! https://lnkd.in/dwzrMQfq

Exiting times for our team. Our first Latin American upstream deal has closed. #oilandgas #latinamerica #energy

The future of Venezuela is not what it used to be. Change is imminent, and the role of the Venezuelan people, along with the petroleum sector, will be pivotal in shaping the future. Despite the current diminished state of the oil industry compared to 25 years ago, the Chavez-Maduro regime could not undermine the geology, and much of the country’s petroleum reserves remain intact. In the coming days and months, we will face numerous challenging decisions and events. Looking ahead, rebuilding a capital-intensive industry after years of neglect, underinvestment, the exodus of skilled professionals, and strategic missteps will not be a swift process. It will require seasoned leadership, a clear vision, and decisive action as change unfolds. The aftermath of the July 28 election and recent developments strongly indicate that change is indeed on the horizon. The potential for Venezuela is immense, provided that it can be realized. Historically, most petroleum-rich nations have endured some level of conflict, shocks, revolutions, military interventions, and corruption scandals, to name a few, all of which hold valuable lessons. The Venezuelan industry itself has experienced at least six significant events since the 1900s, including the Dictatorship of Juan Vicente Gomez, the Hydrocarbon Law of 1943, the realignment under Perez-Alfonso (the Petroleum Pentagon), the Nationalization of 1976, the Apertura in the 1990s, and the Chavez-Maduro era. Notably, aside from the Chavez-Maduro era, Venezuela's petroleum industry has many positive narratives. However, it is crucial to acknowledge that the petroleum industry of several major petroleum rich countries that experienced severe trauma, the industry struggled to recover such as that in Iran, Libya, and Syria. Conversely, there are positive examples like Colombia, Qatar and Angola. Mexico’s recent experience with the Energy Reform of 2013, although initially promising, underscores the complexities of sustaining reforms. In Venezuela, the scope of challenges is vast, necessitating comprehensive renewal to say the least. The scale of these challenges presents equally significant opportunities if approached correctly. Some of the critical questions we must address are: What options does Venezuela’s petroleum sector have? What will it take to catch up and rebuild the industry? How long will it take to see a revitalized petroleum sector? What are the regional geopolitical implications? These and many other questions are on the minds of Venezuelans and the international community. I intend to explore these issues, share thoughts and constructive commentary over the coming weeks and months, as events unfold. I welcome your comments and insights as we navigate this critical period. All of us that had the privilege of growing up in Venezuela, build our careers and created value in this industry by doing things right should be ready to help. Regards Ivan Sandrea

Amazing deal.