Questions Mount Over Venezuela's 'Biggest Oil Deal In World History' Authored by Charles Kennedy via OilPrice , Trump’s $100 billion Venezuela oil deal faces growing scrutiny, as NABEP confronts questions over financing, drilling capacity and its ability to develop 65 billion barrels of reserves.
NABEP claims production has surged to 223,000 bpd, with plans to deploy 41 rigs in November and eventually exceed 1 million bpd. Venezuela’s oil revival is attracting major international players, including Chevron, Eni, BP and Continental Resources, despite persistent investment and operational challenges.
"The biggest oil deal in world history" between the Trump Administration and North American Blue Energy Partners may not live up to the hype as the privately held and previously little-known company could face steep challenges in developing Venezuela's huge oil resources , Reuters reported , citing more than a dozen oil workers, contractors, and experts from the industry.