NABEP to Deploy 52 Drilling Rigs in Venezuela
The Venezuelan oil company NABEP, backed by the Trump administration, plans to dispatch more than 50 drilling rigs to Venezuela over the next few years. The first six rigs are expected by the end of 2026, with another 12 planned for 2027. Additionally, NABEP aims to use around 30 rigs for capital repairs of wells. This move is part of a broader plan to significantly increase Venezuela's oil production and expand its infrastructure.5 sourcesSee all sources