Halliburton Sees Quick Return to Venezuela Upon US Green Light

Halliburton Co. is ready to quickly restart operations in Venezuela once it obtains US government approval and some sort of payment protections, said Chief Executive Officer Jeff Miller.

“I’m excited about the tremendous opportunity for Halliburton in Venezuela,” Miller told investors during a conference call on Wednesday. “We can mobilize in weeks. I feel confident we can move fairly quickly as opportunities arise.”

Halliburton jumped as much as 5.4% to a 17-month high in New York trading.

Jeff Miller, chief executive officer of Halliburton Co., speaks during a meeting with oil executives in the East Room of the White House in Washington on Jan. 9.

Photographer: Al Drago/Bloomberg

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