Report
GeoPark plans $7 billion investment to lift output at Venezuelan oilfield
Reuters reports that GeoPark aims to raise crude output at Venezuela’s Bare oilfield from 11,000 to about 90,000 barrels per day by 2038.
TLDR
GeoPark CEO Felipe Bayon said the Colombian oil and gas producer plans to invest $7 billion in Venezuela’s Bare oilfield, Reuters reports. The company aims to raise crude output there from 11,000 to about 90,000 barrels per day by 2038.
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