(Energy Analytics Institute, Jared Yamin, 11.Jun.2016) — Schlumberger’s fourteen drilling rigs in Venezuela will soon commence to operate under a different financial scheme, reported PDVSA in an official statement on its website.
“There are fourteen Schlumberger rigs that will soon operate under different financing schemes,” reported PDVSA, citing its president Eulogio Del Pino. “In Lake Maracaibo we will also arrive at an agreement for a different type of operation,” he said without providing details.
Schlumberger has reduced operations in some areas while boosting them in others, said Del Pino, referring to news that the oil service giant had completely halted its operations in Venezuela.
In 2013, Schlumberger announced it had established a $1 billion credit line with Venezuela.
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