CARACAS, VENEZUELA (By Piero Stewart, Editores Latin Petroleum, 19.Oct.2026, Words: 218) — The Venezuelan energy sector has an eye on improved operational capabilities amid actions to recover infrastructure, equipment, and spare parts.
This, as part of moves to guarantee operational reliability across all processes in the upstream, downstream and midstream energy sectors.
New drilling rigs, equipment, and technologies are becoming available in fields across the OPEC country to rehabilitate wells and develop green fields, an authority not authorized to speak with the press told Editores LatinPetroleum on 19 Oct. 2026.
Increased oil production
Venezuela’s oil production recently registered an uptick, according to data from the country’s state-owned Petróleos de Venezuela, S.A. (PDVSA).
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Production is currently above the 1.2 million barrels per day (MMb/d) mark.
The production outlook is for further expansion. Production is poised to rise through the remainder of 2026 and into 2027.
Strengthening gas supply chain
Venezuela continues to also making progress to strengthen its natural gas supply capacity for the domestic market.
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The country has also signed contracts with transnational companies to boost gas exports to the international market.
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By Piero Stewart reporting from Caracas. © 1999-2026 Energy Analytics Institute (EAI) and its 100% owned Venezuelan affiliate Editores Latin Petroleum CA. All Rights Reserved.
