That is beautiful. I'd love to see that on our car!
It's just a better piece of graphic design. I think it would look equally good in dark blue. But I suspect PDVSA are insisting on red on white, so that limits options. Plus you can't fill up all the space or you have to downsize existing sponsors when another comes along, which might lead to them downsizing budgets.
It can't be easy to do livery.
The nose is much better though . . . more flowing.
And it's a better balance between white and blue. Reminds me of the joke about the Zebra asking God whether he was a black zebra with white stripes or a white zebra with black stripes .. . if you remember that one.