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GeoPark presents its 2019 Sustainability Report
GeoPark presents its 2019 Sustainability Report
Sep 22 2020

Bogota, Colombia - GeoPark, a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Peru, Argentina, Brazil, Chile and Ecuador, presents its ‘SPEED/ESG 2019’ Sustainability Report, which for the second consecutive year was prepared in accordance with the guidelines of the Global Reporting Initiative (GRI).

The report covers the Company’s environmental, social and corporate governance management, showing the way that GeoPark generates value for its stakeholders and contributes to the sustainable development of the countries in which it operates.

As in the 2018 version, the new edition of the report presents the information in line with GeoPark’s SPEED integrated values system. SPEED summarizes the Company’s commitments in five fundamental areas - Safety, Prosperity, Employees, Environment and Community Development.

“We call our report “Creating Value and Giving Back”, the corporate motto we have followed since founding our Company 18 years ago and which is the foundation on which our principles and our behavior are built,” GeoPark CEO James F. Park wrote in the letter presenting the report. “All of our achievements have been made possible by our employees’ courage, commitment and professionalism, all of whom are shareholders in the Company and participate in its growth and success. The progress in this report and the challenges of today and in the future are our motivation and push us to be even more innovative, efficient, responsible and committed to creating and delivering value to everyone in the long term,” added the CEO.

Some of the relevant data from GeoPark’s sustainability management in 2019 included in this report is:

Safety
• ZERO Fatalities
• 8.1 MM Person/hours worked
• 0.61 LTIR, Lost Time Incident Rate

Prosperity
• 40 mboepd Average daily production and 197.3 mmboe 2P Reserves
• USD 363.3 MM Adjusted EBITDA
• 413% Increase in share price between 2017 and 2019: Best E&P sector performance on the New York Stock Exchange (NYSE) )

Employees
• 439 Direct employees, 100% of which are GeoPark shareholders
• 38.4% of our management team are women
• 1.3% Voluntary rotation rate

Environment
• ZERO Environmental fines/sanctions
• 57.7% Reduction in the water footprint in Colombia 2014-2019
• 13.05 kg GHG intensity in Colombia: 28% less than the global average in the hydrocarbons sector - 18 kg Co2 e/Bbls)

Community Development
• ZERO Interruptions to operations of business units because of social incidents
• USD 3.9 MM Socioenvironmental investment in sustainable development
• 32,984 Beneficiaries of social programs

To read the full report, visit our website www.geo-park.com or click the following link: https://speedreportesg.geo-park.com/reporte-speed-esg-2019/full-view.html


ABOUT GEOPARK
GeoPark is a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Peru, Argentina, Brazil, Chile and Ecuador. As part of its mission to “Create Value and Give Back”, the company develops sustainable social investment programs in conjunction with the State and local authorities and communities, which aim to promote positive changes in the areas it has activities in. .

For more information, contact:
Andrea Zuleta
azuleta@geo-park.com
3013380305