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MoU for Digital Transformation of Venezuela's Oil and Gas Sector
By Enrique Cheang, E.C.V. & Asociados
Global oilfield services company SLB has signed a long-term framework agreement with Venezuela's state oil company PDVSA to support the modernization and development of the country's oil and gas sector. The memorandum of understanding establishes a framework for cooperation across exploration, field development, production, digital enablement, and workforce training and development.
A key focus of the agreement is the digital transformation of Venezuela's oil and gas sector. SLB and PDVSA plan to assess how connected data, predictive models, and AI-enabled workflows can help improve efficiency, accelerate decision-making, and strengthen the industry's operating foundation.
Human capital development is also included in the agreement, with SLB planning to work with PDVSA and Venezuelan academic and institutional stakeholders to help expand local expertise and technical capabilities.
E.C.V. & ASOCIADOS
E.C.V. & ASOCIADOS is an organization born in 1996 guided by the mission of providing a comprehensive advice service in the area of Intellectual Property.
We have the sole purpose of collaborating with our clients, making us fully responsible for the management of the very delicate activities and intangible assets of the IP area, those that usually absorb an important amount of energy and time for companies.
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