Managed Production Ramp

The most likely outcome is a phased rehabilitation of the 17 mature fields, with U.S. licenses, PdVSA operating control and foreign technical support aligned enough to raise output materially. Aging infrastructure, diluent shortages and payment mechanics keep the gain near but not always at the 300,000-barrel-a-day target.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.