Halliburton signs agreements to support energy development opportunities in Venezuela

Halliburton has signed memorandums of understanding (MOUs) with Eneva and WESCA to explore energy development opportunities in Venezuela and support customers advancing oil and gas projects in the country.

With nearly 90 years of experience in Venezuela, Halliburton supports customers through strategically located bases, established operational capabilities and local expertise.

Under its agreement with Eneva, one of Brazil’s leading integrated energy companies and the country’s largest private natural gas operator, Halliburton will collaborate on identifying and pursuing energy development opportunities in Venezuela. The agreement builds on the companies’ existing relationship in Brazil.

Through its agreement with WESCA, Halliburton will support field evaluation and development planning activities in Venezuela. The companies already work together to improve reservoir understanding and support development decisions using digital technologies and subsurface interpretation.

"These agreements highlight Halliburton's efforts to help customers unlock value from their assets through technology, collaboration, and execution excellence."

- Francisco Tarazona, senior vice president, Latin America, Halliburton

The agreements reinforce Halliburton’s longstanding presence in Venezuela and its commitment to working closely with customers while delivering operational expertise and support.

"Halliburton has a long history in Venezuela and supports customers as they pursue growth opportunities," said Tarazona. "We look forward to working with Eneva and WESCA to advance development opportunities and support the country's evolving energy sector.”