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Well, Trump was seizing a Venezuelan oil tanker recently. Presumably you are wrong and they can extract crude oil for less than what they can get for it on the international market
Also, there are plenty of nations which could provide the machinery to extract oil in exchange for crude. It would not have to be a big investment in refining capabilities (which could then be nationalized), but just enough support to keep their oil rigs running for another six month or so.
No, that's not how the oil business works. First, while they do have a small amount of easily drilled conventional oil, that's not what gets people excited. When you hear people talk about Venezuela's "world's largest oil reserves," it's almost all unconventional oil (extra-heavy or oil sands). For that, just the basic costs of drilling it are very high. It's not uncommon for oil companies in Alberta, Canada to operate at a loss because it's difficult to restart production after shutting it down. But that doesn't mean they want to expand production or can make money that way. Even if Trump wants to gift them a ton of free equipment and expert petroleum engineers, that doesn't magically make it profitable.
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