Denarius Holding Group Invests Long-Term Capital in CEMA Oil Field in Venezuela
Denarius Holding Group Inc., a U.S.-based energy holding company, has announced a long-term investment to develop the CEMA Oil Field in Anzoátegui State, Venezuela. The project is executed through its partnership with Minerosol Group C.A. and involves a Hydrocarbons Production Participation Contract (CPPH) signed with Petróleos de Venezuela S.A. (PDVSA). This marks one of the first major private-sector investments in Venezuela's energy sector under current U.S. regulatory guidelines. The investment is expected to rehabilitate mature oilfield infrastructure, optimize production, and apply international operational standards over a 20-year period with an option for extension. The project involves approximately $400 million in phased capital expenditures and aims to increase daily output from around 400 barrels of oil per day to nearly 9,870 barrels through enhanced techniques. Denarius emphasized its commitment to compliance, transparency, and American operational standards throughout the development process. It has worked closely with U.S.-based legal advisors to ensure adherence to sanctions laws and regulations.