Ehrsam Seeks Operating Rights in Venezuela's Oil Fields

Coinbase co-founder Fred Ehrsam is seeking operating rights for more than three oil fields in Venezuela, according to a Bloomberg report.

The fields are currently operated by Alborada Heavy Industries, but U.S. authorities are reviewing whether to cancel the existing contract, which could open the door for new operators like Ehrsam's Primavera investment firm.

Ehrsam has visited Venezuela several times in recent months and met with senior officials to explore investment opportunities in oil, gas, fintech, and digital payments.