North American Blue Energy Partners Expands Venezuela Rig Fleet to 41
North American Blue Energy Partners has increased its operational capacity in Venezuela to 41 rigs, as daily output reaches 223,000 barrels of oil equivalent.
North American Blue Energy Partners (NABEP) confirmed that its drilling fleet in Venezuela will total 41 units by November, marking a significant step toward its stated goal of deploying 60 rigs. The company currently manages nine active drilling rigs in the country, with three assigned to the Junín 10 block.
The expansion coincides with a reported production output of 223,000 barrels of oil equivalent per day. This growth reflects the company’s ongoing infrastructure development in the region, where it focuses on the expansion of well-bore capabilities.
While the company continues to scale its operations, the deployment remains part of a broader strategy to increase extraction efficiency. The firm has not disclosed specific timelines for the remaining 19 rigs required to reach its total deployment target.