This is pretty much exactly what I said Maduro should do given Venezuela's current situation.
As for the comment at the end of the article, "The Chinese companies alone have neither the muscle nor the size to prop up production," it's completely wrong. The Chinese companies have the Chinese government's full blessing and will be backed by the government in order to pull it off. The real question is how much economic damage Trump is doing, and will yet do, to China overall.
Anyway, it's a shame that oil is still what any people on the earth have to rely upon. We could certainly do better and in very short order if the world were lead by intelligent enough people. Unfortunately, greed is allowed.