On 2026-09-16, Harold Hamm's Continental Resources signed a memorandum of understanding with Venezuela's state-owned PDVSA to develop the Ayacucho 2 Block in the Orinoco Belt, estimated to hold 30 billion barrels of oil. The deal reflects the Trump administration's push for US companies to revive Venezuela's oil sector.
No BS check run yet — press ⚖ to extract this story's claims and verify them against independent sources.
Billionaire shale pioneer Harold Hamm’s Continental Resources Inc. is set to announce a deal to invest in Venezuela as the Trump administration pushes US companies to revive the nation’s oil sector, according to a person familiar with the matter.
this outlet adds: bloomberg, kevin, crowley, joins, scarlet, deals, source
Mr. Hamm’s company, Continental Resources, has signed a preliminary deal with Venezuela’s state-owned oil company to develop and produce oil.
Continental Resources signed a deal with PDVSA to develop the Ayacucho 2 Block, holding an estimated 30 billion barrels in Venezuela's Orinoco Belt.
Continental Resources, the Oklahoma-based oil producer founded by Harold Hamm, signed a memorandum of understanding with Venezuela’s state-owned PDVSA to develop and operate the Ayacucho 2 block in the Orinoco Oil Belt. The block covers about 126,000 acres and contains an estimated 30 billion barrels of oil in place, according to Continental. The companies plan to negotiate a long-term Contrato de
Trump donor Harold Hamm’s oil company Continental Resources announced a deal Wednesday to drill in Venezuela. Continental signed a memorandum of understanding with Venezuela’s state-run oil company that would allow it to operate in a 126,000 acre-area of the oil-rich Orinoco Belt, according to a press release. "Continental was built to recognize great resource opportunities and...
{beacon} Energy & Environment Energy & Environment The Big Story Harold Hamm’s oil company announces Venezuela deal Trump donor Harold Hamm’s oil company Continental Resources announced a deal Wednesday to drill in Venezuela. © Ariana Cubillos, Associated Press Trump donor Harold Hamm’s oil company Continental Resources announced a deal Wednesday to drill in Venezuela. ...
Continental Resources, the Oklahoma-based oil producer founded by Harold Hamm, signed a memorandum of understanding with Venezuela’s state-owned PDVSA to develop the Ayacucho 2 block in the Orinoco Belt, the companies announced in Houston on Sept. 16. The block covers about 126,000 acres, or 51,000 hectares, and contains an estimated 30 billion barrels of oil resources in place. The memorandum is