Five, six years ago, Venezuela was producing 3 million barrels a day. Now, it's closer to 2 million.

The companies will merge, it's just a matter of bringing down some of the expectations of some of the companies.

Government-owned facilities like naval facilities and shipyards are going with their existing relationships. But many of the decisions about reconstruction are happening at the state level, so those outcomes are still up in the air.

They made a very attractive bid of $2.4 billion. It's frankly a little bit better, in my view, for Baker Hughes than it is for Schlumberger.