EXCLUSIVE U.S. oil services firms join push for revamped Venezuela license
Written by Black Hot Fire Network on April 21, 2022
HOUSTON/WASHINGTON/CARACAS, April 21 (Reuters) - Some U.S. oilfield firms whose Venezuelan operations were frozen by sanctions are joining an appeal to Washington for authorizations to restart oil drilling in the South American country, according to eight sources with knowledge of the talks.
If they are allowed to resume work, Venezuela could quickly ramp up production capacity beyond 1 million barrels per day (bpd), analysts said.
