Venezuela’s Y&V Teams Up With Baker Hughes to Tap Orinoco Belt

  • Company awarded PDVSA contract for more than 200 Orinoco wells
  • Y&V will finance project and subcontract U.S. service company

Y&V Group, the only Venezuelan contractor selected to participate in a multibillion-dollar drilling project in the country’s Orinoco belt, is relying on an alliance with Baker Hughes Inc. to start drilling more than 200 wells.

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