PDVSA Completes Directional Work on 70th Well in Maracaibo

Instant Max AI

(Energy Analytics Institute, Jared Yamin, 20.Jun.2016) – PDVSA’s Western Petroleum Services division has performed services on a total of 70 drilling wells with the recent completion of work on a directional drilling well located in Lake Maracaibo.

Work at the LB-2963-ST well where the PDV-142 rig is located, was completed with equipment and personnel from Venezuela. In previous years these services were performed by international companies, announced PDVSA in an official statement on its website.

PDVSA’s Western Petroleum Services division owns 12 directional drilling rigs, which were acquired from China under agreements initially signed by late Venezuelan President Hugo Chávez. PDVSA completed 29 percent of its activities in the Western region of the country with these Chinese rigs and estimates this figure could increase to 50 percent in 2016.

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