Continental Resources reached a memorandum of understanding with Venezuela's state oil company PDVSA to develop the Ayacucho 2 Block in the Orinoco Belt, one of the world's largest oil reserves. Continental will operate the 126,000-acre block with 100% interest and an estimated 30 billion barrels of oil, marking a significant expansion of the company's international portfolio following the Trump administration's call for U.S. energy involvement in Venezuela.