Chevron (CVX) Resumes Drilling Operations in Venezuela

Chevron Corporation (CVX) restarted drilling operations in a pristine field located in Venezuela, marking a significant move to boost production amid challenging geopolitical circumstances. The drilling activities, initiated in mid-February, aim to exploit the heavy crude area of the Orinoco Belt, which is CVX's primary avenue for increasing production in Venezuela.Strategic Importance of the Orinoco BeltSituated in the Orinoco Belt, the targeted area represents CVX's most promising opportunity for near-ter ...