🚨🇺🇸🇻🇪 | Halliburton, one of the largest U.S. oilfield services companies, signed memorandums of understanding with Brazil’s Eneva and WESCA to explore oil and gas development opportunities in Venezuela.

The deals come amid growing interest from international companies in returning to or expanding operations in the country, with projects aimed at increasing production and restoring infrastructure that has deteriorated after years of divestment.

🇻🇪Analysis: Can NABEP double oil production in Venezuela’s 17 fields?

Officials from the U.S. Government said that North American Blue Energy Partners (NABEP) is a proven operator that knows how to boost oil production.

The oil agreement recently signed by Venezuela and U.S. authorities focuses on reservoirs that are “aging, degraded, or whose access is costly.”

According to Bloomberg, the energy company North American Blue Energy Partners (NABEP) says its goal is to double oil production at the 17 fields by adding roughly 300,000 barrels of oil per day (bpd) over more than 2 years.

🇺🇸Fact: Halliburton signs agreements to support energy development opportunities in Venezuela

These agreements highlight Halliburton’s long track record in Venezuela and its focus on collaborating with customers and operational excellence.

🇺🇸U.S. Energy Secretary: “It’s an agreement that will outlast the future governments of Venezuela”

U.S. Energy Secretary Chris Wright said this Sunday that the U.S. company Continental Resources, owned by oil billionaire Harold Hamm, will pay a substantial sum to the Venezuelan state through crude production in the country.

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