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Will ConocoPhillips successfully seize payments to PDVSA for the Dragon Gas project by March 31, 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Court records, official announcements from ConocoPhillips or PDVSA, or financial statements
Story
ConocoPhillips Wins Court Approval to Seize PDVSA Dragon Gas Payments
Sep 27, 2024, 06:48 PM
ConocoPhillips has secured approval from a Trinidad court to seize payments to Venezuela's PDVSA for the Dragon Gas offshore project. The court's decision includes the appointment of an accounting firm as a receiver to manage the seizure of Dragon Gas payments. This move was justified by the judge due to concerns that PDVSA might relocate assets from Trinidad to avoid payment obligations to ConocoPhillips.
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Yes • 50%
No • 50%
Elliott Investment Management • 25%
Venezuela bondholders • 25%
Other creditors • 25%
Unknown/Not disclosed • 25%
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No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Elliott Investment • 25%
Other US-based firm • 25%
Non-US based firm • 25%
Auction is canceled • 25%
Yes • 50%
No • 50%
Yes • 50%
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Appeal upheld • 25%
Appeal denied • 25%
Appeal partially upheld • 25%
No decision by deadline • 25%
