Continental Resources to develop massive oil patch in Venezuela
AI Summary
Continental Resources announced plans to develop a large oil field in Venezuela's Orinoco Belt covering 126,000 acres with an estimated 30 billion barrels of reserves. This project highlights significant upstream energy ambitions amid challenging geopolitical conditions in Venezuela.
Continental said it will develop and operate a patch in the Orinoco Belt that spans 126,000 acres and possesses an estimated 30 billion barrels of reserves.
World Markets Commodities Energy Continental Resources Venezuela Orinoco Belt oil reserves oil development energy sector