Venezuela : moins de 30% des puits de pétrole sont en activité

Venezuela's oil output collapses: only 27% of wells active despite holding world's largest reserves amid global energy crisis. | Contesto: cronaca

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• Venezuela : moins de 30% des puits de pétrole sont en activité

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Venezuela’s oil industry has reached a new low, with fewer than three in ten wells currently producing crude, according to data released yesterday by the Venezuelan Petroleum Chamber (CPV) during an industry forum. The figure—just 27% of the country’s total wells—comes at a time of heightened global energy tensions, including the ongoing blockade of the Strait of Hormuz, and underscores the paradox of a nation sitting atop the world’s largest proven oil reserves yet unable to capitalize on them. The CPV’s revelation paints a stark picture of an industry in freefall. Venezuela, once a top-three global exporter, has seen its oil output dwindle from roughly 3.5 million barrels per day two decades ago to barely 400,000 barrels per day today. The collapse is rooted in years of underinvestment, mismanagement, and the erosion of technical expertise, compounded by U.S. sanctions that have limited access to international markets and financing. The CPV forum did not provide a breakdown of which fields remain active, but analysts note that even the producing wells are likely operating well below capacity due to dilapidated infrastructure and frequent power outages. The timing of the announcement is particularly striking. The Strait of Hormuz crisis has sent global oil prices soaring, with major producers scrambling to fill potential supply gaps. Yet Venezuela—whose Orinoco Belt holds an estimated 300 billion barrels of recoverable crude—is effectively sidelined. The CPV’s data suggests that reviving production would require tens of billions of dollars in investment and years of work, even if political conditions were to change. The country’s state oil company, PDVSA, has been plagued by corruption scandals and a brain drain of engineers and geologists, many of whom have fled the country’s economic and political turmoil. The implications extend beyond Venezuela’s borders. The CPV’s figures highlight a structural weakness in global oil supply at a moment when the market is already tight. OPEC+, of which Venezuela is a member, has struggled to meet its own production targets, and the loss of Venezuelan barrels—once a key source for the U.S. Gulf Coast and China—has not been...

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Categoria: cronaca