WSJ: Exxon's Dilemma on His Return to Venezuela · Global Voices
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The oil company sent a technical team to the Orinoco Oil Strip to inspect the Cerro Negro block, but initial assessments have revealed a discouraging state of infrastructure and oil wells, which would involve costly investments for its reactivation. The post Exxon Mobil analyzes the investment risks in the face of a possible return to Venezuela appeared first on El Nacional.
The U.S. energy company Exxon Mobil is in talks with the interim government of Venezuela to process its return to the oil country after 19 years of its departure. However, it faces some challenges, the same ones that have long prevented U.S. companies from making large investments there still afflict the country. Recently, the oil company [...] La entrada WSJ: ExxonMobil faces dilemmas to return to Venezuela due to severe well damage and few gua…
Exxon recently sent a technical team to Venezuela to inspect the Cerro Negro heavy oil project, which operated until 2007. Ed Lallo / Getty Images Exxon Mobil is in talks with Venezuelan officials about his return to the oil country after 19 years of exile. However, many of the challenges that have long prevented U.S. companies from making large investments there still afflict the country. The oil giant recently sent a technical team to inspect …
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