Venezuela’s oil and gas recovery: How far can it go? With Radhika Bansal and Rob Cordray

Podcast: Let's Talk Energy · Rystad Energy

Opublikowano: 2026-10-21

Let’s talk energy and revisit the promise and peril of investing in Venezuela. Venezuela holds the largest hydrocarbon reserves in the world and was once a top global producer, but years of mismanagement left its oil and gas industry in disarray. Now, renewed international interest following geopolitical and regulatory changes has operators, service companies, and investors re-engaging at a pace not seen in years. Production is already climbing past 1.2 million barrels per day, but the real story isn't new drilling – it's fixing what's already there. From reactivating idle rigs to untangling the commercial frameworks that could fina...