Geopark to invest $7 billion to lift output at Venezuelan oilfield to 90,000 bpd
GPRK•Geopark plans to invest $7 billion at Venezuela’s Bare oilfield to raise output to about 90,000 barrels per day by 2038, from 11,000 bpd currently.
1. Bare oilfield plans
Geopark CEO Felipe Bayon said the company plans to begin operations at Bare in December and invest $7 billion to increase crude output there to about 90,000 barrels per day by 2038, from a current 11,000 bpd.
