Bloomberg News reports that the US is seeking quick fixes to boost Venezuelan oil production.

Bloomberg News, citing senior officials in the administration, reported that the United States is in discussions with Chevron and other major oilfield service providers about a plan for Venezuela to increase its crude production quickly.

The?report stated that officials have discussed the deployment of?SLB and Baker Hughes in order to replace and repair 'outdated equipment and refresh older drilling site. The report could not be verified immediately. The 'White House, Chevron SLB Baker Hughes and Halliburton didn't immediately respond to requests for comment. The'report' said that with limited investment Venezuela could increase production by hundreds of thousands barrels in the short-term. It also added that modern U.S. techniques and equipment could revitalize existing wells to bring new production on line within months. Donald Trump, the president of the United States, said that U.S. companies would'soon begin drilling for oil in Venezuela. Trump has made it clear that he wants to?increase oil production in Venezuela after the capture of Nicolas Maduro, the country's president. Reporting by Rajveer Pardesi, Bengaluru. Editing by Tomaszjanowski

(source: Reuters)