Exxon to send team to Venezuela in a few weeks, executive says

By Sheila Dang ‌and Tanay ​Dhumal

HOUSTON, ​March 3 (Reuters) - Exxon Mobil aims to send a technical team to Venezuela in ‌a few weeks after working through logistical ⁠and security arrangements, an executive said on Tuesday.

The U.S. ‌oil major will work ‌with the Venezuelan government and if the right investment terms are in place "we will be ​interested in going back," Senior Vice President Jack Williams said during a Morgan Stanley ⁠conference.

U.S. President Donald Trump has urged oil firms to invest $100 billion ​in Venezuela and rebuild the energy sector after U.S. forces captured and removed ​Venezuelan President Nicolas Maduro from ‌office in January.

Exxon's previous assets in the country were expropriated twice before ⁠and the company has said it needs durable investment protections before returning.

"We know the resource pretty well. ⁠We had a very successful operation there," Williams said.

He ​added that Exxon has improved its technology for working with heavy oil resources over the years since leaving ‌Venezuela in 2007. "So I think we can do even better than we were ‌before, in terms of the technology toolkit ⁠that we can bring."

(Reporting ‌by Sheila Dang ​in Houston and Tanay Dhumal in Bengaluru; Editing by Franklin Paul and Chris ‌Reese)

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