NABEP Lifts Venezuela Rig Fleet to 41 as Output Hits 223,509 boe/d
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Caracas – October 31, 2026 -- North American Blue Energy Partners (NABEP) will raise its in-country Venezuelan fleet to 41 of the 60 rigs it announced earlier this month, as production reached 223,509 barrels of oil equivalent per day on October 19, up from about 200,000 in August.
NABEP stages nine drilling rigs in Venezuela and ships four more
Three of the nine drilling rigs are active in the Junín 10 block of the Orinoco Belt, and three more will start there soon. The remaining three are being refurbished or moved into position. Four additional rigs are being shipped from Houston, Brazil and Colombia. The rigs will open new production from NABEP's heavy oil reserves and include H&P and NOV models from U.S. manufacturers.