Notably the largest crude oil exporter in the Western Hemisphere and a founding member of OPEC, Venezuela is a key player in the industry, having supplied some 1.89 million barrels per day of oil to the world market in 2008. Currently, Venezuela boasts the largest amount of proven oil reserves in South America at 99.4 billion barrels, as well as proven natural gas reserves of 176 Tcf. Nationalized in the 1970s, Venezuela's petroleum industry is dominated by state-controlled PDVSA, also the South American country's primary employer. In 2009, PDVSA initiated further nationalization, taking control of many oilfield services contractors operating in the region.
The Contract Administrator is in charge of all contracts between customers, suppliers, employees, and partners. They are tasked with negotiating new contracts and ensuring compliance with the terms and conditions outlined in the contracts. They also manage the ongoing support of contracts and administrating any changes or amendments to current contracts. Although involved in all types of commercial contract, the creation of construction or drilling contracts, are more complex and involve technical specs and intellectual property agreements.