Production

Venezuela’s oil recovery will depend on restoring disciplined, reliable day-to-day operations by stabilizing existing assets, fixing operational failures, and using practical tools to rebuild predictable production.
Venezuela shows that vast oil resources alone do not create value. Institutional and political constraints have driven production collapse, and recovery depends on governance reform, stability, and sustained investment.
SPE President Jennifer Miskimins lent her expertise to Science Friday’s conversation about Venezuelan oil, explaining the reality of what it would take to extract and refine it.
Page 1 of 7