Diluent Deal Advances

GeoPark and PDVSA convert negotiations into a workable diluent supply arrangement, allowing incremental Orinoco heavy-oil production to restart or rise from constrained levels. This is the base case because both parties have a clear incentive: GeoPark needs a credible operating foothold in Venezuela, while PDVSA needs diluent and outside capital.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.