SLB is poised to rapidly increase activities in Venezuela
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SLB is ready to expand its operations in Venezuela, contingent on obtaining necessary licenses and compliance measures. The company has received numerous inquiries from clients following discussions with the White House about potential investments after the recent political changes in Venezuela. SLB is currently the only international service company operating in the country, while Halliburton also aims to re-enter once legal and commercial terms are established. Chevron remains the only U.S. oil major producing crude in Venezuela, with significant joint ventures in place.
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