The projects include the construction of heavy crude upgraders that can turn Orinoco's tar-like oil into valuable synthetic crude with estimated investments of $10 to $20 billion for each project.

The winning bidders are required to put up a bonus of at least $1 billion for the two larger projects and $500 million for the smallest, plus a minimum $1 billion loan to Venezuelan state oil company PDVSA for each of the areas.

I don't know about these bidders but their BOD and shareholders can't be playing with a full deck, unless it's lowball with tons on conditions, these boneheads could be soon seen as geniuses if 'sadly' someone put a cap in Chavez azz