Every story we've covered involving orinoco-belt.
Continental Resources said it signed a memorandum of understanding with Venezuela's state oil firm PDVSA to operate and develop the Ayacucho 2 Block in the Orinoco Belt, an area estimated to contain about 30 billion barrels of resource in place across roughly 126,000 acres in Anzoátegui state. The companies plan to finalize a long-term Contrato de Participación Productiva in the coming weeks, after which Continental would operate the block with a 100% working interest.
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