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Venezuela Signs Deals With SLB and Hunt to Modernize Oil Industry

SLB (Schlumberger) logoSLB (Schlumberger)
Sig3.35Sen+4.05Env-1.25Soc+0.25Gov+0.20

Venezuela has signed a deal with SLB for services tied to integrated reservoir studies across the country, alongside an earlier long-term agreement with the government aimed at reversing oil-production decline and modernizing the sector. The modernization effort emphasizes AI, predictive models, and connected data. Venezuela’s output is about 1.25 million barrels per day as U.S. naphtha exports support crude production.

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