The US has engaged Chevron (CVX) and other crude producers, along with oilfield service providers like Baker Hughes (BKR), SLB (SLB) and Halliburton (HAL), over a plan to jumpstart oil production in Venezuela with limited investment, Bloomberg reported Saturday, citing unnamed sources familiar with the matter.

Senior administration officials told Bloomberg that the plan aims to boost the country's output over the short term, with the oilfield service providers to repair or replace old equipment and upgrade drilling sites.

Chevron, Baker Hughes, SLB and Halliburton did not immediately respond to MT Newswires' requests for comment.

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