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SLB Weighs Reactivating Up to 15 Venezuelan Drilling Rigs

SLB (Schlumberger) logoSLB (Schlumberger)
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Venezuela’s PDVSA data-and-rig arrangement with SLB is framed as a payment test: SLB has discussed reactivating up to 15 drilling rigs, with four potentially returning by year-end, but the actual crude payment mechanics are confidential under US controls on export revenue. The write-up contrasts this with Venezuela’s default history even as SLB plans to return more than $4 billion to shareholders in 2026.

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