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  • 标题:Venezuela taps obscure driller to replace big-name oil firms
  • 本地全文:下载
  • 作者:Lucia Kassai, Ben Bartenstein ; Fabiola Zerpa
  • 期刊名称:World Oil Magazine
  • 出版年度:2019
  • 期号:1
  • 页码:1-1
  • 出版社:Gulf Publishing Co.
  • 摘要:HOUSTON, NEW YORK and, CARACAS (Bloomberg) -- With brand-name drillers unwilling to jump in, Venezuela is resorting to a newly formed U.S. company for help in shoring up production from its crude reserves, the largest in the world. Schlumberger Ltd. and Halliburton Co., the world’s biggest oil-service providers, have announced over $2 billion in combined write-offs for unpaid bills in Venezuela since the second quarter of 2017. That’s left the South American country little choice but to reach out to secondary service companies with its oil exports slumping to a 28-year low. The result: An agreement with U.S.-based Erepla Services LLC, created in 2018, to boost production at the Tia Juana and Rosa Mediano and Ayacucho 5 fields in exchange for half the oil produced, according to documents seen by Bloomberg. Erepla will supply rigs and crews in the onshore fields for 25 years, with an option to extend for another 15 years, according to the contract. "The agreement gives U.S.-based Erepla enhanced managerial participation and an innovative payment structure designed to avoid the shortfalls that have plagued previous projects," Harry Sargeant III, a principal in Erepla, said in a statement Saturday.
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