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Current location:HOME>> News>> Industry News>> $3.2 billion oil service contracts
$3.2 billion oil service contracts
AUTHOR:admin PUBLISHED:2016-09-29 CLICK:正在读取

Venezuela's state oil company PDVSA has awarded $3.2 billion in oil contracts to drill wells in the Orinoco Belt with the aim of increasing production by 250,000 barrels per day in the next 30 months, the Caracas-based company said in a statement on Wednesday.

Schlumberger NV, Oklahoma-based oil contractor Horizontal Well Drillers and Venezuelan oil contractor Y&V won oil contracts to service three joint ventures between PDVSA and foreign partners.

At around 2.3 million barrels per day, Venezuela's oil production is nearly 800,000 barrels below the production target the government set two years ago.

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