A fledgling U.S. company set up last year will help Venezuela turn around its falling oil production that has led to the country’s oil exports falling to the lowest in almost 30 years, Bloomberg reports, citing contractual documents. According to the documents, Erepla Services LLC will provide the drilling rigs and crews necessary to increase crude oil production at the Tia Juana, Rosa Mediano, and Ayacucho 5 fields over a period of 25 years. In exchange, the U.S. company will buy all the oil produced at these fields and resell it, giving…
