A PDVSAthe Venezuelan state-owned oil company, will have a long way to go to get back into the game on the board of the world’s largest oil producing groups. Over the last few decades, the company has lost almost all of its most qualified personnel. Furthermore, for investments to return to the country, it will be necessary to regain confidence, which was shaken by the expropriations carried out by the Bolivarian regime. The opinion is that of David Zylbersztajn, researcher and professor at PUC-RJ.
To the InfoMoney Interviewthe energy specialist and former director of the ANP, recalled that PDVSA had in the past a group of highly qualified technicians, who left in a wave of around 8 million Venezuelans, pushed out of the country for political and economic reasons.
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“You have to have technical, logistical and technological quality, for example. What I always say is that Petrobras’ major assets are not just the pipelines, the refineries, or the platforms. They are the people, the quality of human capital is essential”, he compared, highlighting the recent work that the Brazilian company’s technicians did on the Equatorial Margin.
He also considered that, in addition to the technical recovery of the Venezuelan oil company’s staff and the reconstruction of the country’s production and transport and logistics facilities, it will be necessary to make an economic assessment of the viability of oil exploration.
He specifically cited legal uncertainty, something that was recently talked about by the president of ExxonMobil. He compared the path to be taken in this search for trust with the situation in Brazil. “The Petroleum Law will be 30 years old next year. Over these almost 30 years, Brazil has shown itself to be a coherent and safe country. You can build a building in 3, 4 or 5 years, but it can be imploded in seconds. And Venezuela has imploded its buildings more than once”, he recalled.
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Zylbersztajn also highlighted that Brazil was slow to attract investments, mainly due to the moratorium it imposed in the late 1970s and early 1980s, but that it was reconstructing mainly the issue of obedience to contracts.
Another question listed by the researcher is how the United States presence in Venezuela will be governed.
