Ryder Scott, U3 Explore and Entra Form Strategic Alliance for Venezuela’s Oil and Gas Sector

The alliance brings together independent technical evaluation, curated asset intelligence, and in-country legal, contractual, and operational experience.

Entra Consulting is pleased to announce that Ryder Scott Company, L.P., U3 Explore, L.L.C. and Entra, L.L.C. have signed a memorandum of understanding forming a strategic alliance focused on Venezuela’s evolving oil and gas sector.

The alliance has been created to help clients navigate the complex and changing issues that shape oil and gas decisions in Venezuela. By combining distinct but complementary capabilities, the three firms can provide a more integrated view of asset potential, technical risk, available data, operating realities, and the legal and contractual environment.

Three Complementary Perspectives

Ryder Scott provides the alliance’s independent technical foundation. With nearly 90 years of petroleum consulting experience, Ryder Scott is internationally recognized for independent reserves and resources evaluation and multidisciplinary technical analysis. The firm also brings extensive experience in evaluating Venezuelan oil and gas assets in accordance with recognized professional standards.

U3 Explore contributes curated public data, asset-level intelligence, and geological insight. Its focus on Venezuelan petroleum assets helps clients establish a stronger factual and historical context for technical and commercial assessment.

Entra contributes legal, contractual, and operational experience in Venezuela. Its in-country perspective helps clients understand the practical conditions that may affect planning and execution.

Helping Clients Ask Better Questions

The alliance is intended to help clients develop a disciplined view of opportunity and risk. Depending on the assignment, the combined perspective can help address questions such as:

• What do production history, depletion, and recovery assumptions indicate about remaining potential?
• How should a proposed redevelopment plan be tested using recognized technical methods?
• How is production reported in Venezuela, and how should historical records be reconciled and independently evaluated?
• How should production-unit maps, local nomenclature, and well classifications be interpreted?
• Which datasets, maps and field records are needed for credible due diligence?
• What does available information show about acreage positions, block participants and asset history?
• How could facility conditions, rehabilitation scope, infrastructure constraints and related cost assumptions affect development timing and cost?
• How do an asset’s technical and commercial characteristics compare with the client’s defined evaluation criteria?
• Which legal, contractual, regulatory, and operating conditions require review for country-entry and execution planning?
• What additional technical or commercial work is needed before a decision can be made?

The three firms will develop client-specific scopes and selected joint materials as the relationship progresses. Each organization will remain responsible for its own area of expertise, and Ryder Scott’s technical opinions and evaluations will continue to be independently developed through its established professional and quality-assurance practices.

All work will be undertaken subject to applicable laws and regulations, including sanctions, export controls, and any required licenses or governmental authorizations.

We look forward to introducing the alliance at IMAGE ’26 in Houston, August 17–20, and to helping clients approach Venezuela’s oil and gas sector with greater clarity, context, and discipline.