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]