Venezuelan officials have targeted most of the country's 33 operating agreements for criticism, arguing that paying remuneration fees on high-maintenance fields is bad business for the country. State-owned PDVSA has said it is revising the investment budgets for foreign oil companies operating these oilfields.
However, a number of fields with development potential have been identified as inappropriate targets for cost-cutting calls, and are instead seen by the Venezuelans as offering the potential for negotiating new terms.
While
