North American Blue Energy Partners expands drilling fleet to 41 units in Venezuela

North American Blue Energy Partners (NABEP) announced that its active drilling fleet in Venezuela has increased to 41 rigs. This development is part of a larger plan to deploy 60 units within the country, a target the company set earlier this month.

The deployment occurs alongside a notable increase in production efficiency, with current output exceeding 223,000 barrels of oil equivalent per day. According to company data, nine of the active rigs are currently engaged in drilling operations for new wells.

The expansion reflects the company's ongoing capital investment in the region's infrastructure. While the geopolitical landscape in Venezuela remains complex, NABEP continues to prioritize the scaling of its extraction capabilities to meet its production goals.