Colombia's richest family invests in oil in Venezuela
A família mais rica da Colômbia e a GeoPark, uma empresa independente de óleo e gás do país, acabam de se juntar à corrida do ouro na qual se transformou o setor de petróleo na Venezuela. O Grupo Gilinski – que atua em finanças, imóveis e alimentos e energia – celebrou um contrato de participação […] The post Família mais rica da Colômbia investe em petróleo na Venezuela appeared first on Brazil…
The Gilinski Group, Colombia's wealthiest family, and GeoPark, an independent oil and gas company, are investing in Venezuela's oil sector. The Gilinski Group has entered into a 25-year productive participation contract with PDVSA for the Bare block in the Orinoco Basin, which currently produces around 11,000 barrels per day. GeoPark, in which the Gilinski Group owns 20%, will operate the block and acquire 95% of the Gilinski Group's stake through a new share issuance.
The deal is valued at $12.22 per share, a 26% premium, and could increase GeoPark's production to 75-85,000 barrels per day by 2030.
Written by urgent.news from Brazil Journal's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
