Trump-Backed Venezuelan Oil Firm Plans 52 Drilling Rigs Deployment

North American Blue Energy Partners plans to deploy 52 drilling rigs in Venezuela by 2028 with Trump government backing.

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As of 2026-09-01 23:17 UTC. Market figures are as the cited sources reported them at that time and may have moved since. This is news, not investment advice.

North American Blue Energy Partners (Nabep), a Venezuelan oil company led by Alejandro Betancourt, plans to deploy over 50 drilling rigs in Venezuela over the next few years to boost national crude production. ^[1] Under the Trump administration's plan, the US would acquire a direct stake in NABEP, which is set to exploit 17 Venezuelan oil fields containing approximately 65 billion barrels of oil. ^[2] According to an internal document, Nabep aims to move six drilling rigs to its oil fields in Venezuela by the end of 2026. ^[3] The company projects to deploy 12 additional rigs in 2027 and incorporate two rigs monthly starting in 2028 to reach a total of 52 operational equipment in Venezuelan territory. ^[4] The plan involves developing 17 oil fields that hold approximately 65 billion barrels of crude, a figure representing one-fifth of the country's reserves. ^[5] Venezuela's oil production has declined over the last decade to about 1.2 million barrels per day, down from 2.5 million barrels per day in 2014 when 220 platforms were operating. ^[6]

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Under the Trump administration's plan, the US would acquire a direct stake in NABEP, which is set to exploit 17 Venezuelan oil fields containing approximately 65 billion barrels of oil. · El Mundo

According to an internal document, Nabep aims to move six drilling rigs to its oil fields in Venezuela by the end of 2026. · EL NACIONAL

The company projects to deploy 12 additional rigs in 2027 and incorporate two rigs monthly starting in 2028 to reach a total of 52 operational equipment in Venezuelan territory. · EL NACIONAL

The plan involves developing 17 oil fields that hold approximately 65 billion barrels of crude, a figure representing one-fifth of the country's reserves. · EL NACIONAL

Venezuela's oil production has declined over the last decade to about 1.2 million barrels per day, down from 2.5 million barrels per day in 2014 when 220 platforms were operating. · El Mundo

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