You can see the growing list of maintenance projects that PDVSA is seeking to contract out by going to the company’s daily list of domestic RFPs. The number of pages in this document has multiplied 10-fold in the past year, from about 50 pages daily to almost 500.
What’s unclear about this change is whether this means PDVSA has started to issue more maintenance contracts, or whether the backlog of projects is just growing and growing. I have heard from vendors that the contracting and payments remains slow, so I suspet it’s the latter. If you have any first-hand information about what’s going on with contracting, you know where to reach me.