🚨🇺🇸🇻🇪 Halliburton, Baker Hughes, SLB and Weatherford are hiring in Venezuela again as the first American rigs roll back in nine months after Maduro was taken
The job boards tell the story: SLB has 35 openings in Anaco, Maturin and Caracas, Weatherford has at least 20 after pulling out in 2019, Baker Hughes is staffing up in Maracaibo and Halliburton says it's building its talent pool.
Chevron is about to switch on four rigs, Patterson-UTI is shipping parts for ten more and the CEO's verdict was "it'll be fine for Venezuela."
This is exactly what the January operation was for.
The largest oil reserves on earth sit 1,400 miles from Houston, the companies rebuilding them are American, and every barrel that comes out of the Orinoco is one less the US needs from the Gulf.
Reality creeps in as you look at the pace though. Two rigs are running in the whole country today, the refineries are wrecks, and the forecast is only 1.5 million barrels a day by late 2027 from 1.2 million now.
Venezuela won't lower gas prices before the midterms, but it's the one energy bet Washington made this year that's actually drilling.
Source: Reuters / Writer: Daniel
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Throb @Iamheartthrob ·
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@MarioNawfal Two rigs running in the whole country against the scale of the reserves shows how far the rebuilding has to go.



































