With Nabors shutting down its rig activity, Venezuela is now left with zero oil drilling rigs, Russ Dallen, founder of investment bank Caracas Capital, told Houston Chronicle.

That sends the Latin American nation back more than a century in terms of rig count, to before 1914 when Venezuela’s first oil well was drilled, according to Dallen.


https://oilprice.com/Energy/Energy-General/Venezuelas-Rig-Count-Officially-Falls-To-Zero.html?utm_source=linkedin&utm_medium=linkedin_repost