NRGBriefs: Venezuela’s Short-term Ability to Boost Production

(Energy Analytics Institute, 11.Mar.2022) — Energy briefs including Venezuela’s ability to boost production over the short-term by around 200,000 b/d; and an oil spill occurring offshore eastern Venezuela near Barcelona.



— Venezuela has capacity over the short-term to possibly boost production around 200,000 b/d over current levels, Rice University’s Francisco Monaldi said 11 Mar. 2022 during a webinar hosted by The Atlantic Council. The Venezuelan oil sector expert reiterated that between $12bn-$15bn in investment was needed over a 5-yr period just to boost production another 2 MMb/d. Venezuela was producing around 791,800 b/d on 16 Jan. 2022, according to reports seen by Energy Analytics Institute.

RELATED STORY: NRGBriefs: Venezuela Still Has Most Potential in LatAm to Boost Production

— An oil spill was reported offshore the coast of Lechería near Barcelona, according to reports in the newspaper Tu Periodico. Energy Analytics Institute has yet to concern the reports.


By Ian Silverman, Aaron Simonsky and Piero Stewart. © Energy Analytics Institute (EAI). All Rights Reserved.