Continental Resources Strikes Deal with Venezuela's PDVSA to Develop Ayacucho 2 Oil Block
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Continental Resources has signed a memorandum of understanding with Venezuela's state-owned oil company PDVSA to develop the Ayacucho 2 Block in the Orinoco Belt. The block, covering about 126,000 acres, is estimated to hold 30 billion barrels of oil. The agreement follows changes in Venezuela's legal framework and a call by the Trump administration for U.S. companies to invest in Venezuela's oil industry. Continental plans to bring private capital, technology, and operational capabilities to the project.
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Continental Resources strikes Venezuela oil development deal Continent...
Continental Resources to develop massive oil patch in Venezuela https:...
Continental Resources to develop massive oil patch in Venezuela Contin...
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