Continental Resources signed a memorandum of understanding with Venezuela’s state oil company PDVSA on September 16, 2026 in Houston, Texas to develop a crude patch in the Orinoco Belt. The patch spans 126,000 acres and possesses estimated reserves of 30 billion barrels. The Oklahoma City-based company, one of the world’s largest privately held oil and natural gas producers, will develop and operate the site. Continental plans to advance the MOU to a long-term agreement with PDVSA in the coming weeks.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
