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Will PDVSA relocate assets from Trinidad to avoid payment obligations to ConocoPhillips by December 31, 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Public financial statements, court records, or official announcements from PDVSA or Trinidadian authorities
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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