Who we are
Representaciones de Petróleo, Gas y EnergÃa (RPGyE) is a junior oil company led by industry experts with extensive Venezuelan and international operational experience. Since launching our crude oil production in 2018, we have focused exclusively on the acquisition and development of proven, producing oilfields.
Operating from Bogotá and Caracas, with our primary center in Barinas State, we drive a low-risk, low-CAPEX, and high-margin business model. This strategy has built a proven track record, successfully managing multiple fields and producing over 6.3 million barrels of oil between 2019 and 2023.




Our Mission
To maximize shareholder value by establishing reliable joint venture agreements with credible operators and National Oil Companies. We focus on the acquisition and development of proven, producing onshore oilfields to generate strong cash flow and drive sustainable growth.
Our Vision
To leverage our deep regional expertise and strategic relationships to acquire medium-size, low-risk development oil fields that offer significant production and exploration upside.
Mission & vision
Our Core Values & Principles
Health, Safety & Environment (HSE):
We maintain uncompromising standards for health, safety, and environmental protection across all our daily operations, well services, and facility designs.
Environmental Sustainability
We are strictly committed to responsible environmental management, prioritizing proactive water conservation and active reforestation initiatives within our operational areas.
We aim to drive regional economic development by generating local employment opportunities ("work with us" initiatives) and building respectful, long-lasting partnerships with indigenous communities.
Social Responsability
Regulatory Compliance
We maintain up-to-date regulatory compliance and direct relationships with national authorities and state-owned companies like PDVSA, ensuring transparent and legally sound operations across all our projects.
2018
Foundation & Launch
2019
Strategic Operations Begin
Time line
RPGyE was established by industry experts and successfully initiated its first crude oil production operations in Venezuela.
Commenced simultaneous operations of two mature oil fields and production plants under a service contract model with the national oil company, PDVSA.
2023
Strategic Partnerships
Successfully concluded a robust operational cycle, effectively managing 267 wells and achieving a total output of over 6.3 million barrels of oil across an 840,000+ acre concession.
2026
New Strategic Framework
Updated regulatory compliance and initiated new partnerships with Oil & Gas majors to restart production under the highly efficient Production Sharing Contract (CPP) model.
STORNOWAY
Muller Strasse 34, 74133
Hamburg, Germany
+18187882178
info@stornoway.com
