en.Wedoany.com Reported - Schlumberger (SLB) has signed a Memorandum of Understanding (MoU) with Petróleos de Venezuela, S.A. (PDVSA) to support the revitalization and modernization of the country's oil and gas industry. The initiative covers multiple areas including exploration, field development, production, digitalization, and professional talent cultivation.
Schlumberger has maintained uninterrupted operations in Venezuela for 97 years. CEO Olivier Le Peuch stated that the Venezuelan oil and gas industry holds immense resource potential, and transforming this potential into results requires long-term technology, digital integration, and talent development. For nearly a century, Schlumberger's employees in Venezuela have worked alongside the energy industry through various cycles, bringing knowledge, technology, and a commitment to local talent development. This memorandum reinforces that continuity and establishes a shared path with PDVSA to enhance operational excellence and build the capabilities needed to sustain performance.
One of the key focuses of the agreement is digital transformation. Schlumberger and PDVSA plan to assess how to leverage integrated data, predictive models, and artificial intelligence-supported workflows to improve efficiency, accelerate decision-making, and strengthen operational foundations. The MoU also establishes a framework for analyzing collaboration opportunities in exploration, field development, and production, including improving mature field performance, fully utilizing heavy and extra-heavy oil reserves, optimizing infrastructure, and supporting new resource development.
Human capital development is another important pillar. Schlumberger plans to collaborate with PDVSA and Venezuelan academic and technical institutions to expand professional talent training and local technical capabilities, thereby strengthening the capability base needed for the industry's long-term sustainable growth.
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