North American Blue Energy Partners (NABEP) is deploying 11 new 550-hp workover rigs in Venezuela. According to the company, they are the first new mobile repair-and-maintenance rigs to operate in the country’s oil fields in more than 15 years. Two new 1,500-hp drilling rigs also arrived on Oct. 7, and NABEP said more equipment is […]
North American Blue Energy Partners (NABEP), the U.S. government-backed producer of Venezuelan oil, plans to more than double crude production in just over two years as it expands operations in the South American country. NABEP aims to increase production to 500,000 bpd by the end of 2028 from about 200,000 bpd currently, the company said in a […]