Geopark aims to consolidate its footprint in Colombia by growing production
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 t
Also in this section
7 August 2025
The quick, unified and decisive strategy to return all the barrels from the hefty tranche of cuts from the eight producers involved in voluntary curbs signals a shift and sets the tone for the path ahead
7 August 2025
Without US backing, the EU’s newest sanctions package against Russia—though not painless—is unlikely to have a significant impact on the country’s oil and gas revenues or its broader economy
6 August 2025
Diesel market disruptions have propelled crude prices above $100/bl twice in this century, and now oil teeters on the brink of another crude quality crisis
5 August 2025
After failed attempts to find a buyer for its stake in Russia’s largest oil producer, BP may be able to avoid the harsh treatment meted out to ExxonMobil and Shell when they exited—and could even restart operations if geopolitical conditions improve
