PDVSA signs MoU for digital transformation
Key Highlights
- PDVSA signed an MoU with SLB.
- The agreement includes digital technologies and workforce development.
Petróleos de Venezuela SA (PDVSA) signed a memorandum of understanding (MoU) with SLB to support the revitalization and modernization of Venezuela’s oil and gas sector
The long-term framework agreement establishes a basis 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.
The MoU also provides a framework to evaluate broader cooperation across exploration, field development, and production. This includes opportunities to improve performance in mature fields, unlock greater value from heavy and extra-heavy crude reserves, optimize existing infrastructure, and support future resource development.
Human capital development will be another important part of the effort. SLB plans to work with PDVSA and Venezuelan academic and institutional stakeholders to help expand local expertise and technical capability.