We've always been at war with Venezuela

I suspect those companies don’t want to get on Trump’s enemies list.

This is actually a very difficult question to answer. IMF has not done a debt analysis yet, and the creditors (who had very little hope of recovering anything) are now fighting over each other to be first in line if the payments start up again after the debt gets restructured (which seems to be the goal now).

The creditor list for Venezuela is enormous. Over $240bn worth of debt for a $100bn economy.

Bonds of the government and PDVSA, the state oil company, make up the single largest and most verified part of Venezuela’s debt, at about $60bn plus around $40bn in post-default interest. This is growing at $5bn a year. Investors have previously estimated that Venezuela also owes $30bn-$50bn to oil companies and trade creditors for unpaid invoices and more than $20bn in legal claims awarded to companies after Chávez’s regime expropriated their property. Venezuela has also been estimated to owe $10bn-$20bn to China in debts that Caracas previously paid from oil exports but is believed to have stopped servicing, about $6bn to Russia, and $4bn to development banks.

https://giftarticle.ft.com/giftarticle/actions/redeem/9b7e6d9c-8e7e-48c6-9baa-10ec7b0e4e73

This was obvious from the getgo.

This is never going to fly.

Delcy confirmed that only 29% of the oil revenue will stay with Venezuela, and that 65 billion barrels have been handed over to the US.

Delcy stated that Venezuela expects to receive $209 billion in state revenues from this agreement, meaning just a fraction of what the US will profit from 25 years of extraction in 17 oil fields, which could be extended up to 100 years.

Around 1.5 million barrels of oil will be extracted by the US daily, equivalent to $124 million in gross revenue per day, considering an average price of $83 per barrel.