Venezuelan oil contractors are continuing their work with Chevron Corp. and have not been warned of an impending shutdown despite a US government deadline to stop producing oil there by early April.
Local service companies working for three of Chevron’s joint ventures with state-owned Petroleos de Venezuela SA have not slowed down work, according to five people with knowledge of the matter. Chevron hires local companies to maintain oil wells, supply power generators, operate small drills and specialized equipment as well as manage housing contracts for employees.
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