Continental Resources Signs Memorandum of Understanding for Orinoco Belt Operations
Harold Hamm's oil company, Continental Resources, has signed a memorandum of understanding with Venezuela's state-run oil company to operate in the Orinoco Belt.
Baltimore, MD, September 16, 2026 —
Continental Resources, an oil company associated with Harold Hamm, has entered into a preliminary agreement with Venezuela’s state-run oil entity. The companies have signed a memorandum of understanding (MOU) that outlines potential future operations within the Orinoco Belt region.
The specific name of Venezuela’s state-run oil company involved in the agreement was not provided. Similarly, details regarding the exact terms of the memorandum of understanding, including the scope and nature of the planned operations in the Orinoco Belt, were not disclosed. The timeline for when the MOU was signed is also not specified.
The Orinoco Belt is a vast area in Venezuela known for its significant heavy oil reserves. This region has been a focal point for domestic and international oil exploration and production activities.
Continental Resources is an independent oil and natural gas company. The company’s involvement in exploration and production activities is a core aspect of its business operations. The agreement marks a step toward potential collaboration in a key energy-producing area.
Further details concerning the implications of this memorandum of understanding, the specific roles each company would undertake, or any subsequent steps expected to follow the signing have not yet been made public.
Story summarized from the original created by Rachel Frazin on thehill.com, see more information here.
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