Contractors in the fields of Venezuela are complaining to Reuters about the company's obligations, which US President Donald Trump imposed on the implementation of the "biggest oil deal in history". North American Blue Energy Partners, NABEP, received 17 fields with reported reserves of approximately 64 billion barrels. After the capture of Venezuelan President Nicolás Maduro by the US military in January, Washington promised privileged access to the country's oil. NABEP promises to increase production from about 224 thousand barrels per day to more than a million. Much of the work begins with bringing the old wells back to life: in the Maracaibo Basin, about 80% of the approximately 4,000 inactive wells require repairs. Petrosamora employees talked about leaks and idle equipment. The operator needs contractors now, long before additional income. By delaying payment, the company risks depriving the repair crews of funds for work and thus delaying its own revenues. NABEP spokesman Terry Wade attributed the outages to the transition to a new payment system and said bills are being paid. The agency did not determine the amount of the debts. The timing of the corrections is especially important when developing all 17 fields at the same time. The 6 new sites have no nearby roads or oil infrastructure, so money will need to be spent before drilling begins. The old fields should generate revenue from which the company expects to pay for expansion. Downtime of an existing fishery may delay construction at a new site. If there is a shortage of specialists, spreading the work over the entire area at once splits the available teams between the sites. Experts interviewed by Reuters see such a launch as difficult even for the largest oil companies. The company reports a billion dollars from its investments since 2024. In October, it announced the purchase of 60 units and 70 units of heavy equipment in gradual delivery. The October 13 announcement separately noted 11 new well repair rigs and 2 drilling rigs had arrived.

Contractors in the fields of Venezuela are complaining to Reuters about the company's obligations, which US President Donald Trump imposed on the implementation of the "biggest oil deal in history". North American Blue Energy Partners, NABEP, received 17 fields with reported reserves of approximately 64 billion barrels. After the capture of Venezuelan President Nicolás Maduro by the US military in January, Washington promised privileged access to the country's oil. NABEP promises to increase production from about 224 thousand barrels per day to more than a million. Much of the work begins with bringing the old wells back to life: in the Maracaibo Basin, about 80% of the approximately 4,000 inactive wells require repairs. Petrosamora employees talked about leaks and idle equipment. The operator needs contractors now, long before additional income. By delaying payment, the company risks depriving the repair crews of funds for work and thus delaying its own revenues. NABEP spokesman Terry Wade attributed the outages to the transition to a new payment system and said bills are being paid. The agency did not determine the amount of the debts. The timing of the corrections is especially important when developing all 17 fields at the same time. The 6 new sites have no nearby roads or oil infrastructure, so money will need to be spent before drilling begins. The old fields should generate revenue from which the company expects to pay for expansion. Downtime of an existing fishery may delay construction at a new site. If there is a shortage of specialists, spreading the work over the entire area at once splits the available teams between the sites. Experts interviewed by Reuters see such a launch as difficult even for the largest oil companies. The company reports a billion dollars from its investments since 2024. In October, it announced the purchase of 60 units and 70 units of heavy equipment in gradual delivery. The October 13 announcement separately noted 11 new well repair rigs and 2 drilling rigs had arrived.