Business
Halliburton Prepares to Quickly Reenter Venezuelan Market
That’s the amount that analysts and energy executives have estimated rehabilitating Venezuela’s oil fields could require over many years, the Wall Street Journal has reported. Much of that money could be spent with oilfield-service companies such as Halliburton.
The company’s chief executive, Jeff Miller, expressed confidence Wednesday that Halliburton could quickly ramp up its business in Venezuela.
“My phone is ringing off the hook in terms of interest in Halliburton being there,” Miller said on a call with analysts following the company’s earnings report. “I think there are opportunities for us sooner rather than later.”
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