OIL AND GAS LAW UPDATE: VENEZUELA

• Jurisdiction: Derecho Internacional

International Mining and Oil & Gas Law, Development, and Investment
(Apr 2011)
CHAPTER 24C
OIL AND GAS LAW UPDATE: VENEZUELA
Miguel I. Rivero
Hoet Pelaez Castillo & Duque
Caracas, Venezuela

MIGUEL I. RIVERO, partner of Venezuelan law firm Hoet Pelaez Castillo & Duque, holds a Master Degree on Natural Resources and Environmental Law and Policy, with Specialization on Energy Law and Policy from University of Denver, Colorado, U.S.A, and a Master Degree in Business International and Integration Law from Universidad Central de Venezuela. Rivero has particular expertise in assisting and setting up oil companies in Venezuela, including the design and preparation of all sorts of bidding and negotiation contracts of common use in the Venezuelan petroleum industry, including contract models for counseling, construction, manufacture and purchase of equipment, materials procurement of, seismic studies, etc. Since the beginning of the Oil and Gas Industry opening process in Venezuela during the early nineties, he has been directly involved in the negotiation and formation process of several agreements executed by PDVSA. He has also served many oil companies' operational areas that took part in strategic associations and operative agreements; he has participated and assisted clients in bid rounds (2005-2006 Rafael Urdaneta) for granting Gas Licenses under the Gaseous Hydrocarbon Law, as well. He provided legal assistance to companies exploiting gas under licenses granted by the Venezuelan Government. He was Professor of Antitrust Law at Universidad Metropolitana, and Professor of Contract Law and Gas Upstream Activities at Universidad Monteavila, both in Caracas, Venezuela. Mr. Rivero founded and was appointed director of the Universidad Monteavila's Hydrocarbon Course. He is currently Professor of Hydrocarbon Law at Universidad Central de Venezuela. Rivero is the author of several publications and articles, and has been a consequent lecturer at national and international conferences. Miguel Rivero is member of the Association of International Petroleum Negotiators. Considered one of the top energy and natural resources lawyers in Venezuela by Chambers Global, Chambers LA, and Latin Lawyer, Mr. Rivero is the current LexMundi Regional Vice Chair for Latin America/Caribbean.

Venezuelan Oil Update

Miguel Rivero

Partner with Hoet Pelaez Castillo & Duque

Abogados

mrivero@hpcd.com

Venezuelan Oil Update

• Outline:

— Oil: 1990-1999 Period

— Oil...