Keo Capital unit KEO Energy signs operating agreements with PDVSA for PetroUrdaneta venture in Venezuela

Reuters2026/08/28 22:45

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Keo Capital’s US unit KEO Energy signed operating agreements with PDVSA for the PetroUrdaneta joint venture in Venezuela.
KEO Energy was designated operator, taking technical control, procurement authority, staff management, cash-flow oversight.
Financing agreement provides a credit facility of up to USD 350 million to fund PetroUrdaneta’s work program.
PetroUrdaneta is 60% owned by PDVSA, 24% by KEO Energy, with a binding deal to lift KEO Energy to 40%.
KEO Capital agreed in July to buy an additional 16% stake for USD 37.5 million, with a EUR 18 million production-linked payment.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Keo Capital AB published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202608281845ACCESSWRNAPR_____1214331) on August 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Keo Capital unit KEO Energy signs operating agreements with PDVSA for PetroUrdaneta venture in Venezuela

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