-- (Updates with ConocoPhillips' statement throughout.)
ConocoPhillips (COP) has sent a team to Venezuela to evaluate the prospects of oil drilling in the country, the company said in an emailed statement Friday to.
"We sent a small evaluation team to Venezuela during the week of April 6 to better understand the potential for in-country oil and gas opportunities. We will evaluate Venezuela against other international opportunities as part of our disciplined investment framework," the company said.
ConocoPhillips said previously that its assets in Venezuela were expropriated by the country's government back in 2007.
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