finance.yahoo.com

SLB Prepares to Reactivate Up to 15 Drilling Rigs in Venezuela

SLB (Schlumberger) logoSLB (Schlumberger)
Sig2.78Sen+2.15Env-2.45Soc0.00Gov0.00

SLB plans to reactivate as many as 15 drilling rigs in Venezuela, aiming to reduce major barriers to boosting the country’s crude output. The company says its rigs already inside Venezuela could all be operating within a year, though imports, equipment logistics, power, infrastructure, permits and contractual protections may still limit investment.

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