Material announcements from Denarius Holding Group, Inc. covering the Group's Venezuelan upstream investment programme and material corporate developments. Media enquiries are directed to Corporate Communications.
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. The 20-year CPPH agreement contemplates approximately US$400 million in phased investment, targeting production growth from approximately 400 to 9,870 barrels of oil per day across 11 fields in Anzoátegui State.
Denarius Holding Group, Inc. announced a long-term investment in the development of the Petrokariña Oil Field in Anzoátegui State, Venezuela, through its principal partnership in Minerosol Group C.A., which has executed the CPPH with PDVSA. The programme contemplates approximately US$400 million in phased investment over an initial 20-year term, targeting production of approximately 9,870 barrels per day from a current base of approximately 400 barrels per day.
Minerosol Group, C.A., the Venezuelan-side interlocutor for the Group's upstream programme, submitted a formal executive communication and a detailed technical annex to the Ministry of Popular Power for Petroleum, PDVSA, and PDVSA Petróleo, S.A. proposing definitive contractual terms for the CPPH covering the Petrokariña fields.
ÇAN2 Termik A.Ş. (BIST: CANTE), together with a co-shareholder, acquired 100% of the outstanding equity of Denarius Holding Group, Inc., positioning DHG as the ODAŞ Group's dedicated vehicle for upstream oil and gas development in Venezuela. The transaction was disclosed on the Public Disclosure Platform (KAP) by CANTE contemporaneously with completion.
ÇAN2 Termik A.Ş. completed the acquisition of a majority stake in Denarius Pumping Services LLC, establishing the ODAŞ Group's initial presence in the Venezuelan upstream sector through a specialized well-services business with twenty-nine years of field experience and active contracts across the country's major operating consortia.
Denarius Holding Group, Inc. is incorporated as a Florida profit corporation. Document Number P17000078567. EIN 82-2935056.
Reporters and editors are invited to reach out directly to the Corporate Communications office for interviews, background briefings, or additional materials. Standard boilerplate and executive biographical detail are provided below.
Standard "About" paragraph for use in press coverage
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.
Zehra Zeynep Dereli · Vice President, Denarius Holding Group Inc.
Zehra Zeynep Dereli serves as Vice President of Denarius Holding Group, Inc., where she leads the Group's U.S. corporate development and Venezuelan upstream investment programme. She also serves as Vice President of Minerosol Group, C.A. and as General Director of ODAŞ Enerji CA LLC in Uzbekistan. Ms. Dereli holds an A.B. in Economics from Princeton University and an M.Sc. in Development Economics from SOAS University of London. Her prior experience includes Shell, the Atlantic Council, APCO Worldwide, and Calinos Holding.
| COMPANY | Denarius Holding Group, Inc. |
| JURISDICTION | State of Florida, USA · Incorporated 28 September 2017 |
| EIN | 82-2935056 · Florida Document No. P17000078567 |
| OWNERSHIP | ÇAN2 Termik A.Ş. (BIST: CANTE) 65% and co-shareholder 35% |
| ULTIMATE PARENT | ODAŞ Elektrik Üretim Sanayi Tic. A.Ş. (BIST: ODAS) |
| EXECUTIVE OFFICE | 1900 Glades Road · Boca Raton, Florida 33431 |
| PROJECT | Petrokariña Oil Field · Anzoátegui State, eastern Venezuela |
| FIELDS | Zorro · Mata 3 · Aguasay · Mata 16 · Mata 19 · Araibel · Mata 20 · Mata 14 · Mata 7 · Mata 24 · Mata 1 |
| CONTRACT | CPPH · 20-year term with 20-year extension option |
| CAPITAL PROGRAMME | Approximately US$400 million over the initial 20-year term |
| PRODUCTION TARGET | Approximately 9,870 bopd (from current base of approximately 400 bopd) |
| RECOVERABLE RESERVES | Approximately 100 million barrels |
| REGULATORY FRAMEWORK | U.S. OFAC General License 52A |