Rystad Energy Projects Venezuela Crude Output at 1.6M BPD by 2028
Rystad Energy projects Venezuela crude output will reach 1.6 million barrels per day by 2028 as international operators expand under new contracts.
Venezuela's crude oil production is projected to reach 1.6 million barrels per day by 2028, according to a new report from Rystad Energy. The growth is expected as international operators expand their presence in the country under newly established contracts.
Production Outlook
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The expansion driven by international firms marks a shift in the operational landscape for Venezuela's energy sector. The projected volume points to a gradual recovery in output over the coming years as contractual frameworks evolve.
Key facts
- Target output: 1.6 million barrels per day projected by 2028.
- Driver: International operators expanding under new contracts.
- Source: Rystad Energy.
Source: news.google.com
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