Primavera Infinita, the company linked to Coinbase co-founder Fred Ehrsam, signs an oil contract with PDVSA
Primavera Infinita, a company linked to Venezuelan entrepreneur Manuel Iribarren and Coinbase co-founder Fred Ehrsam, signed a Productive Participation Contract with PDVSA on September 2 to develop the Budare-Elotes block, at an event in Miraflores with Delcy Rodríguez and U.S. Energy Secretary Chris Wright. The company aims to produce 100,000 barrels per day in the short term and has also shown interest in the Boca, Guico and Guara blocks. The investment amount and the agreement's economic terms have not been disclosed.
In 45 seconds
- Primavera Infinita signed a Productive Participation Contract with PDVSA for the Budare-Elotes block on September 2.
- Its promoters include Manuel Iribarren, 28, a Silicon Valley resident, Fred Ehrsam (co-founder of Coinbase and Paradigm) and Dheeraj Verma, formerly of Quantum Energy Partners.
- The company targets 100,000 barrels per day in the short term and has shown interest in the Boca, Guico and Guara blocks.
Read the full story at Bloomberg Línea
IASummary generated by artificial intelligence from a story by Bloomberg Línea. It may contain errors: the original source prevails.
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