According to the report, Venezuela had 23 rigs operating as of July, and half of them will get hit if the waiver lapses. Chevron alone could lose more than 200,000 barrels a day of output at four projects in the country if the waiver is not renewed, the report said.
As a precautionary measure, both Halliburton and Schlumberger have reportedly reduced staff and have limited their exposure in the country.
Price: 18.67, Change: +0.07, Percent Change: +0.38
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