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Eugene

(61,595 posts)
Fri Nov 1, 2013, 08:19 PM Nov 2013

Venezuela's Government Seizes US-Owned Oil Rigs

Source: Associated Press

Venezuela's Government Seizes US-Owned Oil Rigs

CARACAS, Venezuela November 2, 2013 (AP)
By JOSHUA GOODMAN Associated Press

Venezuela has quietly seized control of two oil rigs owned by a unit of Houston-based Superior Energy Services after the company shut them down because the state oil monopoly was months behind on payments.

The seizure took place Thursday after a judge in the state of Anzoategui, accompanied by four members of the local police and national guard, entered a Superior depot and ordered it to hand over control of two specialized rigs to an affiliate of PDVSA, the state-owned oil producer.

PDVSA justified the equipment's expropriation, calling it essential to the South American nation's development and welfare, according to a court order obtained by The Associated Press. Company workers were instructed to load the rigs, known as snubbing units and used to repair damaged casing, onto trucks to be deployed at "critical wells" elsewhere, according to the document.

"It was like a thief breaking into your house, asking for the keys to the safe and then expecting you to help carry it away," Jesus Centeno, local operations manager for Superior in the city of Anaco, said by phone. "Their argument was that we were practically sabotaging national production."

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Read more: http://abcnews.go.com/International/wireStory/venezuelas-government-seizes-us-owned-oil-rigs-20761636
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Venezuela's Government Seizes US-Owned Oil Rigs (Original Post) Eugene Nov 2013 OP
Maduro: "It's Obama's Fault"! nt Tarheel_Dem Nov 2013 #1
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