CARACAS, Venezuela, Oct. 14, 2026 /PRNewswire/ -- Eleven new 550-horsepower workover rigs are being deployed for use by North American Blue Energy Partners (NABEP), marking the first time in more than 15 years that new mobile repair-and-maintenance systems will operate in Venezuelan oil fields.
In addition to the workover rigs, two new 1,500-horsepower drilling rigs arrived on October 7 for NABEP's operations with more equipment expected to arrive soon.
The new equipment complements NABEP's steady ramp-up of operations and production. Separately, the company has purchased 60 rigs, 30 steam boilers and 70 pieces of heavy machinery, giving it the largest heavy-equipment fleet in the country.
"NABEP is making serious and steady progress in increasing oil production. Every rig that arrives in Venezuela brings us closer to reaching our production goals and revitalizing our country's economy," said NABEP CEO Alejandro Betancourt. "The challenge ahead is large, but there is no better partner than the U.S. government. We look forward to continuing to share our progress in the months ahead."
The new equipment purchases follow the August 2026 agreement between NABEP and the U.S. Departments of State and War to significantly expand oil production in Venezuela. NABEP controls the rights to commercialize more than 65 billion barrels of P1 oil reserves in Venezuela and plans to invest nearly $100 billion to increase production capacity and improve oil-and-gas infrastructure. NABEP is rapidly expanding its operations in Lake Maracaibo and the Orinoco Belt. Its near-term goal is to increase production to more than 1 million barrels of oil per day.
NABEP has scaled its production from approximately 18,000 barrels per day to more than 200,000 in two years through roughly $1 billion in company-funded investment. The company employs 5,000 people and supports 10,000 contract employees in Venezuela.
About North American Blue Energy Partners
North American Blue Energy Partners (NABEP) is an independent oil exploration and production company operating in North and Latin America, with offices in Caracas, Maracaibo and Lechería. NABEP is committed to the responsible development of energy resources, the safety of its people and the prosperity of the communities where it operates. www.nabep.net
Media contact: press@nabep.com
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NABEP Boosts Operations with New Workover and Drilling Rigs
The 83rd edition becomes the largest ever held at Fiera Milano Rho: ten exhibition halls, over 300,000 square metres, 754 exhibitors and 2,120 brands from 52 countries. From 3 to 8 November, with the first two days reserved for press and trade professionals.
MILAN, Oct. 14, 2026 /PRNewswire/ -- "Always the first time. A new discovery every year." Under this slogan, EICMA unveiled its 83rd edition today in Milan, setting a new milestone in the history of the International Two-Wheeler Exhibition.
For the first time since moving to Fiera Milano Rho, EICMA will occupy ten exhibition halls, one more than in 2025, making it the largest edition ever held at the venue. The exhibition will cover over 300,000 square metres, welcoming 754 exhibitors and 2,120 brands from 52 countries.
The figures confirm EICMA's global leadership: 74% of participating brands are international, while approximately 30% of direct exhibitors are either returning companies or first-time participants. This remarkable growth reinforces EICMA's strategic role as a global platform for business, innovation and motorcycle culture.
The 2026 edition will offer visitors an unprecedented programme of exhibitions, racing, entertainment and immersive experiences.
Among the highlights is Speed Legends, an extraordinary exhibition celebrating the history of MotoGP's premier class. Developed through the EICMA.SHIFT UP partnership with MotoGP, the exhibition will feature over 30 historic racing motorcycles alongside the five MotoGP bikes competing in 2026, complemented by interactive experiences and a dedicated Gaming Arena.
The Dakar Rally also returns through the renewed partnership with ASO, bringing historic and modern rally motorcycles and an official Dakar container to Hall 22.
Outside the halls, MotoLive will once again deliver spectacular racing and entertainment across more than 60,000 square metres. Highlights include twin-cylinder motorcycle competitions, Freestyle Motocross, Trial performances featuring special guest *Toni Bou, and the Champions Charity Race Legend, bringing together motorsport icons including Troy Bayliss, Marco Melandri and Stefan Everts.
Visitors will also enjoy free test rides at Y.U.M. – Your Urban Mobility, featuring over 40 vehicles, while EICMA Adventouring and the Start-up Area, supported by the Italian Trade Agency, will showcase adventure tourism and future mobility solutions.
"Every edition brings something new while preserving the excitement of a first-time experience," said EICMA President Pietro Meda. "Our mission is to keep surprising visitors, connecting generations and creating value for the entire industry."
EICMA CEO Paolo Magri highlighted the exhibition's international strength: "These figures demonstrate EICMA's continuing ability to attract investment, welcome new companies and represent the global motorcycle industry."
A comprehensive mobility plan, developed with ATM, Trenord and the Municipality of Milan, will facilitate access through public transport and approximately 15,000 free parking spaces.
EICMA 2026 runs from 3 to 8 November, with press and trade days on 3–4 November and public opening from 5–8 November.
Tickets are available at www.eicma.it.
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EICMA 2026: ALWAYS LIKE THE FIRST TIME, BUT NEVER THIS BIG
