August 2, 2024

Venezuela’s PDVSA restarts drilling campaign suspended since 2019

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In the second half of the year, Venezuela’s state-owned PDVSA will restart the drilling of oil wells while intensifying work to open 3,700 shuttered wells and to recover compression and gas injection capacity needed to increase crude output, according to an internal “Operational Follow-up Plan” report reviewed by S&P Global Platts. By Mary Mogollón. Full Text -> S&PGlobalPlatts.

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