The world’s largest oilfield services
providers are making plans to help boost output in Venezuela, according to the
president of the country’s state-run oil company. Schlumberger, Halliburton and
Baker Hughes are among the companies that have presented plans to increase
production, Eulogio Del Pino said in an interview with PDVSA TV. Petroleos de
Venezuela SA, or PDVSA, has "dramatically reduced" production costs
to a range of $8 to $9/bbl, he said. There’s one catch: The companies, some of
which in recent months pulled back from the Latin American country due to
trouble collecting money, need to wait for new oil to flow before getting paid.
"There will be 200,000 bopd of new production," he said in the
interview. "We’ve asked as a condition that they do the work, and the
payment will be made once production starts to flow."More…
No comments:
Post a Comment