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
17 January 2025
Supply glut or supply deficit are both plausible outlooks, with tariffs and sanctions among the key risks that could swing the pendulum
17 January 2025
European Commission is on its way to meeting clean energy goals, but energy security concerns and higher costs may give it second thoughts
17 January 2025
The CEO of QatarEnergy has highlighted the potential impact a new EU directive could have on energy exports to the continent
16 January 2025
The government’s resource nationalism is aggravating the NOC’s debt position and could yet worsen if also tasked with the decarbonisation shift
