Geopark looks to shed assets

The operator is doubling down on its core Colombian asset base, divesting non-core assets across South America

Latin America-focused independent E&P Geopark is poised for some serious portfolio reshuffling. Colombian production growth is the clear priority, while the company hopes to shift acreage in Argentina and Brazil and could exit Chile entirely if it finds a willing buyer. Colombia already accounts for more than 80pc of Geopark’s output, and the operator says 95pc of near-term drill targets are in the Andean country. Offloading less profitable acreage is the firm’s primary aim, with the proceeds to be largely redirected towards tackling debt. And some divestment progress has already been made. In Peru, Geopark signed an agreement to transfer its 75pc operating interest in the Morona block

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