️🇺🇸🇻🇪 Bloomberg: The Trump administration's Venezuela oil deal with Alejandro Betancourt's Blue Energy North American partners, covering 17 fields, hinges on aging and hard-to-access sites, with industry experts telling Bloomberg that the company's goal of adding 300,000 barrels in two years is likely an unrealistic 300,000 barrels a day. and underinvestment.

️🇺🇸🇻🇪 Bloomberg: The Trump administration's Venezuela oil deal with Alejandro Betancourt's Blue Energy North American partners, covering 17 fields, hinges on aging and hard-to-access sites, with industry experts telling Bloomberg that the company's goal of adding 300,000 barrels in two years is likely an unrealistic 300,000 barrels a day. and underinvestment.

Analysts say only a handful of old fields near Lake Marcaibo, once the cradle of Venezuela's oil industry, offer strong production potential in the near term, while most of the remaining fields are in the remote and heavy Orinoco belt, and a former PDVSA official estimated a more realistic target would be around 270,000 barrels of NEP per day instead of the NEP target.