Schlumberger: and Halliburton eyeing Venezuela ramp-up, says PDVSA




Schlumberger: and Halliburton eyeing Venezuela ramp-up, says PDVSA

Oilfield services firms Halliburton and Schlumberger will participate in projects to raise crude production in northern Venezuela, according to the country’s state oil company PDVSA.

Venezuelan officials met with Halliburton and Schlumberger executives to discuss a plan that would see both companies receive a share of production revenue, PDVSA said in a statement.

It added that “200,000b/d and 300,000b/d” would be added from selected fields in the states of Monagas and Zulia, without providing further details.

Halliburton said last year that it began scaling back operations in Venezuela as a result of delayed payments.

Last month, PDVSA announced it would pay some contractors, including Schlumberger and Halliburton, with promissory notes amid Venezuela’s escalating financial crisis.



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