tech

Science for a future for oil

How science, engineering and innovation are defining the future of hydrocarbons in Venezuela today.

Science for a future for oil

TL;DR

  • The reform of the Organic Hydrocarbons Law presents an opportunity for the SNCTI to integrate into the hydrocarbon sector.
  • Hydrocarbon industry competitiveness now depends on advanced sciences like data science, AI, materials engineering, and environmental sciences, alongside traditional earth sciences.
  • Capturing new technologies requires agile transfer mechanisms, applied research, joint laboratories, and adapted external models.
  • A less fragmented, more focused SNCTI with measurable results is essential for national support of R&D.
  • Integrating science into production benefits both industry (reduced risks/costs) and the SNCTI (strengthened capabilities, talent, sovereignty).
  • The hydrocarbon sector can act as a catalyst for scientific and technological development through strategic coordination and a long-term vision.
  • The goal is a transition where domestically generated knowledge becomes a strategic national asset.