U.S.-incorporated company deploys transparent international capital and American operational standards to develop a major upstream asset under the current U.S. regulatory framework.
MIAMI, Sept. 17, 2026 /PRNewswire/ — Denarius Holding Group Inc., a U.S.-incorporated energy holding company headquartered in Florida, announced on September 16 a long-term investment in the development of the CEMA Oil Field (formerly Petrokariña Oil Field) in Anzoátegui State, Venezuela, through its principal partnership in Minerosol Group C.A., which has executed the Hydrocarbons Production Participation Contract (Contrato de Participación para la Producción de Hidrocarburos – CPPH) with Petróleos de Venezuela, S.A. (PDVSA). The company notes that this CPPH relates specifically to the CEMA Oil Field in eastern Venezuela and is distinct from the separate Petrokariña Joint Venture operating in western Venezuela.
The investment represents one of the first meaningful private-sector commitments in Venezuela’s energy sector of this new era — deploying transparent international capital through a U.S. corporate vehicle, executed to American operational and compliance standards, under the current U.S. regulatory framework. The project is expected to support the rehabilitation of mature oilfield infrastructure, production optimization, well interventions, and the application of international operational, environmental, and safety standards.
The project encompasses approximately 100 million barrels of recoverable reserves and is governed by a 20-year CPPH agreement with an additional 20-year extension option, providing the contractual certainty required to support multi-decade capital investment and sustainable field development.
The development plan contemplates approximately US$400 million in phased investment over the initial 20-year term. Current production at the CEMA Oil Field is approximately 400 barrels of oil per day, with the development program targeting production of approximately 9,870 barrels per day through field rehabilitation, operational improvements, and enhanced production techniques.
“This investment reflects our confidence that responsible private-sector participation — structured through a U.S. corporate vehicle and executed to American operational and compliance standards — can contribute to the sustainable development of Venezuela’s energy sector,” said Zehra Zeynep Dereli, Vice President, Denarius Holding Group Inc. “The current U.S. regulatory framework provides the clarity that allows responsible American companies to evaluate opportunities of this scale while maintaining the highest standards of compliance and governance.”
“At Denarius, we are committed to conducting our business with integrity, transparency, safety, and rigorous regulatory compliance. Our objective is to deliver American operational excellence while building lasting partnerships that create sustainable value for our clients, employees, and the communities where we operate.”
Denarius Holding Group Inc. developed the project through an extensive legal, commercial, and compliance review, working closely with experienced U.S. sanctions counsel and regulatory advisors to ensure its activities are conducted in accordance with applicable U.S. laws and regulations. Compliance has been integrated into every stage of project planning and execution and remains a fundamental component of the company’s operating model.
The project is expected to support the modernization of critical oilfield infrastructure while strengthening local operational capabilities and creating opportunities for contractors, service providers, and skilled technical personnel throughout the project’s lifecycle.
“This investment represents an important milestone for our company and the beginning of an enduring commitment to responsibly developing energy resources in Venezuela,” Dereli added. “Our focus is on executing this project safely, responsibly, and transparently while maintaining the highest standards of corporate governance and environmental stewardship.”
Additional details regarding the scope of work will be disclosed as appropriate and in accordance with applicable commercial obligations and regulatory requirements.
Denarius Holding Group Inc. conducts its activities in accordance with applicable U.S. laws and regulations.
About Denarius Holding Group Inc.
Denarius Holding Group Inc. is a U.S.-incorporated energy holding company headquartered in Florida, with operating interests in upstream oil and gas development and oilfield services in international markets. Its principal shareholder is Çan2 Termik A.Ş. (BIST: CANTE), a publicly listed Turkish company subject to Turkish Capital Markets Board disclosure and audited financial reporting. The Group’s U.S. affiliate, Denarius Pumping Services LLC, delivers specialized cementing, well services, and field engineering capabilities to the Group’s projects. Denarius combines U.S. corporate governance, American operational standards, disciplined project execution, technical expertise, and rigorous compliance practices to support the responsible development of energy infrastructure in complex operating environments. Denarius Holding Group Inc. is dedicated to fostering enduring partnerships while upholding the highest standards of safety, transparency, environmental stewardship, regulatory compliance, and corporate governance.
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SOURCE Denarius Holding Group Inc
