The last cut in the oil production undertaken by Venezuela, in accordance with an agreement at the Organization of Petroleum Exporting Countries (OPEC), has made 17 drill rigs in west and east Venezuela to come to a standstill, reported oil-sector labor agents.
Based on the news given by trade union leader Froilán Barrios, only in Boscán field, western Zulia state, a total of 14 rigs have shut down since the last week of December. Additionally, three oilrigs in the cities of Anaco and El Tigre, eastern Anzoátegui state, are not operating. Barrios fears new similar measures in that region. From September to December 2008, the oil business curtailed its output by 364,000 bpd, as a result of the cuts agreed by OPEC member states.
The trade union leader noted that the order to curb production in line with the oil cut is not the only reason to stop drilling, but also managerial instructions regarding business planning. The move has resulted in at least 5,000 layoffs from contractors.
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