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Started By
Message
How Long to Bring Venezuela's Oil Facilities and Infrastructure Back?
Posted on 1/4/26 at 4:15 pm
Posted on 1/4/26 at 4:15 pm
I know little about the O&G industry as far as the actual process and mechanics. I know just enough to know I know very little outside of market forces. The nuts and bolts of the operation? Next to nothing.
So, conservatively, how long until we can bring the rotting means of production back online and up to industry standards? They've been slowly rotting since the 2000s -- if not the 70s.
Are they even salvageable? Or is this a ground up/down rebuild?
I'm not really concerned about the cash investment. That will be returned, but time is finite.
So, conservatively, how long until we can bring the rotting means of production back online and up to industry standards? They've been slowly rotting since the 2000s -- if not the 70s.
Are they even salvageable? Or is this a ground up/down rebuild?
I'm not really concerned about the cash investment. That will be returned, but time is finite.
15
Posted on 1/4/26 at 4:15 pm to PurpleandGold Motown
Would go a lot faster if oil was $80 bbl
Posted on 1/4/26 at 4:17 pm to Cosmo
quote:
Would go a lot faster if oil was $80 bbl
might be worth looking into some shell stock tomorrow
Posted on 1/4/26 at 4:21 pm to PurpleandGold Motown
At $50/bbl a long time.
Their oil is shite and will run far below what normal oil runs at. Good news is that they can extract for a lot lower price.
Tradeoff is that very few can run their oil.
Reality is that the market is already set and those who can aleady take their oil are taking it.
Bottomine is that it wont matter that much over the next 6-10 months. Development will matter if US demand remains high, which seems a little unlikely.
Their oil is shite and will run far below what normal oil runs at. Good news is that they can extract for a lot lower price.
Tradeoff is that very few can run their oil.
Reality is that the market is already set and those who can aleady take their oil are taking it.
Bottomine is that it wont matter that much over the next 6-10 months. Development will matter if US demand remains high, which seems a little unlikely.
This post was edited on 1/4/26 at 4:24 pm
Posted on 1/4/26 at 4:24 pm to fightin tigers
I thought the Gulf Coast refineries were purpose built to process sour crude for diesel and other products?
Haven't the been running at reduced efficiency since they stopped getting crude from Venezuela?
Haven't the been running at reduced efficiency since they stopped getting crude from Venezuela?
Posted on 1/4/26 at 4:25 pm to PurpleandGold Motown
Lots of money will need to be spent upgrading and even flat out rebuilding and replacing infrastructure that was allowed to deteriorate under the past two communist regimes. At $55/bbl oil, there ain’t going to be much of a rush by US oil companies to jump up and spend a bunch of previously unplanned 2026 capital, short of the U.S. or Venezuelan government footing a large portion, or all, of the bill.
That’s the reality, no matter what politicians on TV from either side are trying to tell you.
That’s the reality, no matter what politicians on TV from either side are trying to tell you.
Posted on 1/4/26 at 4:28 pm to PurpleandGold Motown
quote:
I thought the Gulf Coast refineries were purpose built to process sour crude for diesel and other products?
I THINK that is correct, and they’ll certainly take the Venezuelan crude, though Chevron was sending their crude from that region to those refineries already. However, the problem is the money and investment that would be needed to get Venezuela’s oilfields built back to operating and producing like they were decades ago. That’s going to take a hell of a lot longer at the current oil price vs if we were in a $90/bbl market.
Posted on 1/4/26 at 4:28 pm to ragincajun03
quote:
short of the U.S. or Venezuelan government footing a large portion, or all, of the bill.
well you know we will.
Posted on 1/4/26 at 4:28 pm to PurpleandGold Motown
quote:
I thought the Gulf Coast refineries were purpose built to process sour crude for diesel and other products?
Somewhat. They are.
quote:
Haven't the been running at reduced efficiency since they stopped getting crude from Venezuela?
Somewhat, they are.
It isn't about what they can run but what they can adapt to run. What is valuable to run. Going to take months to figure out what is coming out of Venezuela and what it is worth. Venezuela is already producing more then what America really wants. Not saying it wont get cheaper but cheapness only goes so far.
Posted on 1/4/26 at 4:30 pm to 777Tiger
quote:
might be worth looking into some shell stock tomorrow
Shush
Posted on 1/4/26 at 4:33 pm to PurpleandGold Motown
quote:
I'm not really concerned about the cash investment. That will be returned
Lmmfao
Posted on 1/4/26 at 4:34 pm to ragincajun03
I will be interested in hearing the summaries of how all of the infrastructure looks and what’s a “quick fix” or not when some of the big boys are able to get down there and take surveys and such.
This post was edited on 1/4/26 at 4:50 pm
Posted on 1/4/26 at 4:37 pm to notiger1997
Yep.
“Good news” is that the Venezuelan government probably owns just about all the land that matter for their oilfields, so won’t have to worry about the upfront work of navigating those pesky individual property rights. Just get the green light from them to rebuild the stuff and go.
“Good news” is that the Venezuelan government probably owns just about all the land that matter for their oilfields, so won’t have to worry about the upfront work of navigating those pesky individual property rights. Just get the green light from them to rebuild the stuff and go.
Posted on 1/4/26 at 4:38 pm to notiger1997
quote:
ill be interested in hearing the summaries of how all of the infrastructure looks and what’s a “quick fix” or not when some of the big boys are able to get down there and surveys and such
The alleged amount is $100MM
Honestly, look who has rhe lead on Guyana exploration.
This post was edited on 1/4/26 at 4:40 pm
Posted on 1/4/26 at 4:39 pm to ragincajun03
Help me understand why gas is more expensive today than it was 10 years ago at $90/barrel?
Posted on 1/4/26 at 4:42 pm to TigerReich
quote:
Help me understand why gas is more expensive today than it was 10 years ago at $90/barrel?
Taxes and weak dollar
Posted on 1/4/26 at 4:46 pm to bad93ex
Yep. People need to go look at profit per gallon for companies
Posted on 1/4/26 at 4:46 pm to bad93ex
quote:
Taxes and weak dollar
And no way salaries at refineries and for truck drivers should have increased over those past 10 years.
Them baws part of a union or something?
Posted on 1/4/26 at 4:47 pm to TigerReich
quote:
Help me understand why gas is more expensive today than it was 10 years ago at $90/barrel?
Ng aint $90/bbls
Posted on 1/4/26 at 4:53 pm to TigerReich
quote:
Help me understand why gas is more expensive today than it was 10 years ago at $90/barrel?
There is a hell of a lot more that goes into the pricing of gas than just the cost of a barrel of oil, especially with a view of more than a few years in the past.
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