SLB Prepares to Restart 15 Oil Rigs in Venezuela
Oilfield services giant SLB is preparing to reactivate as many as 15 drilling rigs in Venezuela, potentially removing one of the biggest obstacles to increasing the country’s crude production. SLB and energy-focused private equity firm Formentera Partners are working on separate…
Oilfield services giant SLB is preparing to reactivate as many as 15 drilling rigs in Venezuela, potentially removing one of the biggest obstacles to increasing the country’s crude production. SLB and energy-focused private equity firm Formentera Partners are working on separate…
BELLINGS Intelligence Score: 22
Why it matters
SLB restarting 15 oil rigs in Venezuela is a notable development in energy markets that could impact crude production and related credit markets, but it is primarily a company-level operational event with limited immediate systemic or broad credit-market implications.
Sources
OilPrice.com
SLB Prepares to Restart 15 Oil Rigs in Venezuela
Oilfield services giant SLB is preparing to reactivate as many as 15 drilling rigs in Venezuela, potentially removing one of the biggest obstacles to increasing the country’s crude production. SLB and energy-focused private equity firm Formentera Partners are working on separate…