Maurel & Prom activates a productive drill in Lake Maracaibo, the first in eight years
The manager of the French oil company Maurel & Prom, Jean Michel Bonnet, announced the activation of a productive drill in Lake Maracaibo, the first in the last 8 years. According to Banca y Negocios, he also stated during his presentation at the forum 'Present and Future of Our Hydrocarbons Industry', held in [...].
TL;DR
- Maurel & Prom activated a productive drill in Lake Maracaibo, the first in 8 years.
- An increase of 100,000 bpd would require approximately 25,000 additional direct workers.
- Venezuela's current oil production is very low, with no issues regarding OPEC quotas.
- OFAC licenses are a limiting factor for the gas sector and other areas.
- Venezuela possesses significant gas potential, with demand from countries like Colombia and Brazil.
- There is optimism regarding oil potential and the associated demand for labor across various professions.
- Oil activity is capital-intensive, with a lower impact compared to other activities.
- The cost of producing oil in Venezuela is around US$14 per barrel.