Colombian GeoPark and Venezuela Sign Contract to Operate an Oil Block for 25 Years
24 Articles
24 Articles
The company will operate the Bare block in the Orinoco oil strip with projection to produce 95 thousand barrels per day
The interim government of Venezuela signed an agreement on Friday with Colombian GeoPark to exploit for 25 years a heavy crude field, which joins others signed this week to refloat the country's oil industry.
The treaty seeks for the company to exploit for 25 years an oil bloc in the Orinoco Strip. Rodríguez thanked the Colombian investments in the country. The post Jaime Gilinski and Delcy Rodríguez meet to sign agreement of GeoPark appeared first on La Silla Empty.
The agreement with the GeoPark group grants the operation of the Bare field, located in the Orinoco Oil Range, which concentrates much of the Venezuelan reserves
The strategic alliance between PDVSA and GeoPark seeks to boost the water production of hydrocarbons.
Colombian GeoPark and Venezuela sign contract to operate an oil block for 25 years
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