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Continental Resources said it signed a memorandum of understanding with Petróleos de Venezuela (PdVSA) to operate and develop the Ayacucho 2 Block in Venezuela’s Orinoco Oil Belt, with a long-term contract agreement expected in coming weeks.
Continental Resources signed a memorandum of understanding (MOU) with PDVSA to operate and develop the Ayacucho 2 block in Venezuela.