Continental Resources Signs MOU with PDVSA for Venezuela's Orinoco Belt
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Oklahoma City – September 18, 2026 -- Continental Resources, Inc. has signed a Memorandum of Understanding with Petróleos de Venezuela, S.A. (PDVSA) to operate and develop the Ayacucho 2 Block in Venezuela's Orinoco Oil Belt, a region holding an estimated 30 billion barrels of resource in place.
Continental targets 126,000-acre block with 100% operating control
The Ayacucho 2 Block sits north of the Orinoco River in Anzoátegui state. Upon execution of a long-term Contrato de Participación Productiva (CPP) agreement, expected in the coming weeks, Continental will hold a 100% working interest and operate the block directly.