OFAC GENERAL LICENSEActiveEnergy
GL 47
GL 47 — Ancillary Services and Goods to Venezuelan Energy Sector
Issued
Feb 13, 2026
Expiration
No expiration
Authorized entity
Proveedores de servicios al sector energético VE
Type
General
Scope
Authorizes provision of technical services, engineering, and supply of ancillary goods necessary for operations authorized under GL 46/46B.
Authorized activities
- ·Servicios de ingeniería de yacimientos
- ·Suministro de equipos y químicos
- ·Mantenimiento técnico no-críticos
Prohibited activities
- ·Transferencia tecnológica dual-use sin licencia BIS
VENE · ECONOMIST Analysis
- Fact
- GL 47 (febrero de 2026) cierra el círculo de servicers (Halliburton, SLB, Baker Hughes, Weatherford) que en 2019-2025 operaban bajo extensiones humanitarias.
- Implication
- Habilita una recuperación de capex en campos legacy (Boscán, Petropiar) que llevaban 7 años con mantenimiento mínimo. Productividad por pozo se recupera 6-12 meses.
- Indicator to monitor
- Anuncios de contratos servicers en VE (Q2-Q3 2026). Métricas de producción por bloque BCV.
Official source
This summary does not constitute legal advice. The final determination of scope and applicability of any OFAC license requires consultation with qualified legal counsel and review of the official text published by the Office of Foreign Assets Control. VENE · ECONOMIST maintains this page as editorial reference for institutional investors.
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