GeoPark announces strategic entry into Venezuela via heavy oil asset
GeoPark Ltd says it is entering Venezuela through a bare block heavy oil asset, marking a strategic expansion into the country.
Story updates
01:49:56 AM UTC
SquawkNews
Colombia's GeoPark NYSE:GPRK said on Wednesday it would enter Venezuela through the acquisition of a controlling interest in the Bare Block, a heavy oil block in the Orinoco Oil Belt, in a deal that will make Grupo Gilinski its controlling shareholder.GeoPark will acquire a 95% stake in the compan…
This is a real-time flash headline. A verified provider body is not available, so SquawkNews does not present it as a full article.