U.S. oil companies say: If conditions are right, they can quickly expand operations in Venezuela

On January 23rd, it was learned that the American oilfield services company SLB (formerly known as Schlumberger) stated that the company could quickly expand its business activities in Venezuela, provided that it obtains the necessary permits and meets safety and compliance requirements. It is reported that SLB recently met with White House officials to discuss potential investment opportunities in Venezuela. SLB is currently the only international oil service company still conducting actual business in Venezuela, providing services for Chevron under its licensing framework. Chevron is also currently the only large American oil company producing crude oil in Venezuela