reuters.com

SLB Signs Deal With PDVSA to Digitize Venezuelan Oilfield Data

SLB (Schlumberger) logoSLB (Schlumberger)
Sig3.28Sen+3.75Env+0.20Soc+0.80Gov+1.35

Venezuela’s limited reporting to OPEC has hindered investment and tracking, while PDVSA relies on fragmented systems. PDVSA has signed an agreement with SLB to manage and digitize oil industry data, including geological and production databases, with technology transfer and training. Server damages caused data loss, and some systems need rebuilding; contract details remain undisclosed despite confirmation by the oil ministry and the U.S. embassy.

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