*Jennifer A Dlouhy and David Wethe for Bloomberg News*
The US is in talks with Chevron Corp., other crude producers and the world’s biggest oilfield service providers about a plan to quickly revive output in Venezuela at a fraction of the estimated $100 billion cost for a complete rebuilding.
Oilfield contractors such as SLB Ltd., Baker Hughes Co. and Halliburton Co. would focus their initial efforts on repairing or replacing damaged or outdated equipment and refreshing older drilling sites, according to senior administration officials who asked not to be identified discussing internal plans.
The idea is that with limited investment, Venezuela could boost production by several hundred thousand barrels over the short term, the people said.
The go-fast approach is designed to fulfill the Trump administration’s goal of swiftly increasing crude flows in the wake of the US capture of Venezuelan strongman Nicolas Maduro, generating cash that could be used to help pay for rebuilding the country. Longer term, President Donald Trump’s goal remains an industry revival that would bring output closer to the country’s 1970 peak of roughly 3.75 million barrels per day from current production of less than 1 million.
While analysts say achieving that bigger prize will take at least a decade, there’s plenty of production gains to be had in the near term.
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*Jennifer A Dlouhy and David Wethe for Bloomberg News*
The US is in talks with Chevron Corp., other crude producers and the world’s biggest oilfield service providers about a plan to quickly revive output in Venezuela at a fraction of the estimated $100 billion cost for a complete rebuilding.
Oilfield contractors such as SLB Ltd., Baker Hughes Co. and Halliburton Co. would focus their initial efforts on repairing or replacing damaged or outdated equipment and refreshing older drilling sites, according to senior administration officials who asked not to be identified discussing internal plans.
The idea is that with limited investment, Venezuela could boost production by several hundred thousand barrels over the short term, the people said.
The go-fast approach is designed to fulfill the Trump administration’s goal of swiftly increasing crude flows in the wake of the US capture of Venezuelan strongman Nicolas Maduro, generating cash that could be used to help pay for rebuilding the country. Longer term, President Donald Trump’s goal remains an industry revival that would bring output closer to the country’s 1970 peak of roughly 3.75 million barrels per day from current production of less than 1 million.
While analysts say achieving that bigger prize will take at least a decade, there’s plenty of production gains to be had in the near term.
[Read the full story here.](https://www.bloomberg.com/news/articles/2026-01-24/trump-pushes-quick-fixes-to-boost-venezuela-oil-output?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTc2OTI2MTI1NiwiZXhwIjoxNzY5ODY2MDU2LCJhcnRpY2xlSWQiOiJUOTlVVkxUOU5KTFMwMCIsImJjb25uZWN0SWQiOiJEMzU0MUJFQjhBQUY0QkUwQkFBOUQzNkI3QjlCRjI4OCJ9.1t_EksgwfP7-4y3kVU7efo4YfNH3Nm8DgCgidU3JFjw)
before the country can organise a freedom movement
Who cares?
Whats the big win for American?
Maybe this creates 50 jobs
Long term the only win is a stable democracy in South America