PDVSA and Schlumberger Discuss Business Relations

Instant Max AI

(PDVSA, 22.Feb.2017) – On February 21, 2017, Schlumberger CEO Paal Kibsgaard, visited the headquarters of Petróleos de Venezuela S.A. (PDVSA) to hold a meeting with PDVSA President Eulogio Del Pino.

The agenda focused on Venezuela opportunities as the low oil price cycle is coming to an end. They exchanged views on the existing portfolio and the future that brings together both companies.

It is important for Schlumberger to strengthen its activities in Venezuela; they are working on models to cover the needs of both companies, while at the same time creating new jobs thus increasing the efficiency of operations for PDVSA, said Kibsgaard.

Del Pino expressed satisfaction with the discussion of projects and proposals made by Schlumberger. This is an ideal time for the industry to come up with creative solutions to bring about necessary investment for the benefit of both companies and the stability of the oil market, he said.

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