Continental Resources and PDVSA formalized a memorandum of understanding on September 16, 2026, to develop the Ayacucho 2 Block, estimated to contain 30 billion barrels of oil resources.
CLR
Statements (2)
- Bullish
Continental Resources signed a memorandum of understanding with PDVSA to operate and develop the Ayacucho 2 Block containing an estimated 30 billion barrels of resource in place on September 16, 2026
- Bullish
Continental Resources signed a deal with PDVSA to develop the Ayacucho 2 Block holding an estimated 30 billion barrels of oil in Venezuela's Orinoco Belt