Venezuela Signs Oil Deals With SLB and Hunt to Boost Production

Venezuela has signed deals with oilfield service major SLB and Hunt Oil Co. as part of efforts to boost investment in its key energy industry, Bloomberg reported, citing a TV statement made by the South American country’s oil minister, Paula Henao.

One of the deals involves development of two fields and the other is a framework deal with SLB for “services related to integrated reservoir studies throughout the country,” according to the statement.