Orinoco Belt


All posts for Orinoco Belt

Foreign Firms Look to Play Crucial Role in Venezuelan Oil and Gas Sector, Says GlobalData

The majority of foreign companies are not making any profit or losing money in their partnerships with PDVSA to develop and produce hydrocarbons due to inadequate investment, shattered infrastructure and US sanctions. However, in the long term, having access to the vast hydrocarbon reserves of Vene ...

OilVoice Press - OilVoice


Posted 4 months agoOpinion > VenezuelaOilgas +7

Venezuela’s Long Road to Production Collapse Fueled by Challenging Reservoirs and Underinvestment, Says GlobalData

The collapse of the Venezuelan economy has been fed by a continuing drop in crude oil production. The country's annual production has gone from an estimated 2.86 million barrels per day (mmbd) in 2010 to 2.07mmbd in 2017. The steepest production declines have occurred in the mature fields of the Ma ...

OilVoice Press - OilVoice


Posted 10 months agoOpinion > GlobalDataVenezuelaOil +7

Debt Crisis Undercutting Venezuelan Production

Rystad Energy analysis shows that the Venezuelan debt crisis has caused structural changes in the country's oil and gas sector which significantly undercut its capability to produce oil. As production falls, the country's ability to service its debt decreases which in turn increases the risk of def ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > Rystad EnergyVenezuelaDebt Crisis +2