According to CoinMeta, North American Blue Energy Partners ( Nabep ), which is collaborating with the U.S. government to develop Venezuelan oil fields, is adding a sixth drilling rig in the South American country in order to increase oil production. The source mentioned that Nabep is a private enterprise led by Venezuelan entrepreneur Alejandro Betancourt ( Alejandro Betancourt ), and its development has not relied on external investment or debt. He also added that as cash flow increases, the company plans to raise its annual reinvestment amount by up to 50%.