Holt said he was thinking about where the money would come from, how the fund would be financially structured, and who would lead it.
Maynard Holt is already considering how to invest in Venezuela.
Houston-based energy-intensive investment banks Tudor, Pickering and Hawt & Co. Wednesday, Funding up to $ 30 million to invest in VenezuelaIn a few days I answered questions about this at the industry conference.
Chairman of the CERAWeek conference, IHS Markit, asked Holt what he needed to fund the Latin American country in crisis. Holt sees the connection between Texas, where the world's most active shale oil regions are located, and Venezuela, the world's largest oil reserves.
"Caracas could be the Midland of Texas," Holt said in an interview Wednesday.It refers to the city which is the heart of the prosperous Permy Basin. Houston is linked to oil and gas, and it is 100% linked to oil and gas. "
Holt said he was thinking about where the money would come from, how the fund would be financially structured, and who would lead it. The executive said that in order to have the necessary effect on Venezuela, it must exceed US $ 100 million. Holt believes it is an opportunity for the oil industry to defame Venezuela.
Schlumberger Ltd., the world's largest oil service provider, told CERAWeek that there was no long-term new investment in Venezuela on Tuesday. Ashok Belani, vice president in Houston and Paris, said thousands of wells were shut down because of insufficient storage tanks.
Holt said he did not consider creating a fund for Venezuela. Before the meeting, he said he received many positive comments Wednesday from panelists on the panel.
"Interesting questions in the panel can be something we and others have to do," he said. "If we told him a month ago that we would have this conversation, he would have said & # 39; wow, I did not expect it."