Asset Management

An update on SPE’s path to financial sustainability: stronger revenues, new partnerships, and emerging opportunities—from geothermal initiatives to AI-driven licensing—are improving the outlook. While challenges remain, recent progress highlights a more resilient Society and a forward-looking strategy focused on long-term member value.
Since the US arrested and removed Venezuelan President Nicolás Maduro on 3 January 2026, all eyes have turned toward the country’s vast oil reserves, the largest of any country. From 2005 to 2024, oil production in Venezuela fell by 70%, from 3.1 million B/D to just 0.9 million B/D. The race is on to bring production back, but aging infrastructure and expatriation pre…
This paper presents a case study of oriented tubing-conveyed perforation followed by an acidizing operation to overcome technical challenges posed by a depleted reservoir targeted for a carbon capture, utilization, and storage project.

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