ConocoPhillips has received court attachments for freezing the assets of Venezuelan PDVSA at two Caribbean facilities and might go on to sell them, Reuters reports , citing sources close to the developments. The U.S. company was awarded compensation of US$2 billion by the court for the nationalization of its operations in Venezuela by the Hugo Chavez government. Yet this is just a fraction of what Conoco is seeking from PDVSA, which amounts to US$33 billion. The processing, storage, and blending assets that Conoco is eyeing are located on three Caribbean islands—Curacao, Bonaire, and St. Eustatius—and account for about a quarter of the troubled Venezuelan state oil company’s annual oil exports. If Conoco seizes them, this would deepen the woes of PDVSA, which is already suffering a 33-percent decline in oil exports from their peak, a drop in oil production due to lack of funds to invest in field maintenance, […]