Restoring Venezuela's oil production will cost more than $50 billion and take a decade.
According to Rystad Energy, restoring oil production in Venezuela will be a slow and capital-intensive process. Maintaining current production levels over the next 15 years will require approximately $53 billion.
Experts note that a rapid recovery in production will only be possible by 300,000 barrels per day. Reaching 3 million barrels per day by 2040 will require approximately $183 billion in investment. Such a timeframe and cost make a rapid stabilization of Venezuelan oil supplies to the global market unlikely.
