Colombia's GeoPark signs 25-year Pdvsa contract for strategic Venezuela entry

GeoPark, a Colombian oil company controlled by the Gilinski group, announced a 25-year productive participation contract with Venezuela's state oil firm Pdvsa, marking a strategic entry into the Venezuelan market. The deal signals a deepening of bilateral energy ties and potential easing of operational barriers, though financial and operational terms remain undisclosed. This move could reshape regional energy dynamics and attract further foreign investment into Venezuela's oil sector.