GeoPark weighs $6.8B investment in Venezuela's Bare field with PDVSA

GeoPark is considering a $6.8 billion investment in Venezuela's Bare field under a contract with PDVSA, covering well reactivation, mechanical repairs, new drilling, and steam injection. The scale suggests a major bet on Venezuela's oil sector despite ongoing sanctions and operational risks. The deal's viability hinges on financing, regulatory approvals, and potential US sanctions relief.