The Daily Journal — The president of Petróleos de Venezuela S.A. (PDVSA), Héctor Obregón, praised the strategic partnership between the Venezuelan state-owned oil company and Schlumberger Limited following the signing of a memorandum of understanding.
Speaking from Miraflores Palace during an event led by Acting President Delcy Rodríguez, Obregón said the agreement comes “at the perfect moment, as we continue to achieve technological advances within the Hydrocarbons Engine.”
He noted that these innovations enhance oil production because “we will target every well with the right potential, the highest concentration, and the best operating conditions. As a result, every investment and every capital inflow into the country will rely on technical data that helps us avoid poor prospects and inefficient capital allocation.”
Obregón emphasized that data-driven decision-making will allow the industry to direct resources toward the most productive opportunities while maximizing operational efficiency and investment returns.
