Venezuela's Oil Recovery Gains Momentum as New Drilling Rigs Arrive | HappeningNow.news

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Venezuela's Oil Recovery Gains Momentum as New Drilling Rigs Arrive

Cyril Widdershoven is a senior maritime, energy, and geopolitical analyst and Senior Advisor at Blue Water Strategy, specialising in the strategic intersection of shipping, ports,… Eleven new 550-horsepower workover rigs will work in…

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Cyril Widdershoven is a senior maritime, energy, and geopolitical analyst and Senior Advisor at Blue Water Strategy, specialising in the strategic intersection of shipping, ports,… Eleven new 550-horsepower workover rigs will work in Venezuela’s oil fields this month. According to North American Blue Energy Partners (NABEP), which announced the deployment on 13 October, they are the first new mobile repair-and-maintenance units to enter the country’s fields in more than 15 years. Two 1,500-horsepower drilling rigs arrived on 7 October, with more equipment to follow.

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