Climate Action - GeoPark
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Climate Action

No issue is as relevant for the oil and gas industry than ensuring access to critical energy sources while curbing greenhouse gas emissions and limiting global warming. We reduce the emissions in our operations through powering our fields with renewable energy, further increasing energy efficiency and permanently improving facilities and processes.

Our Commitment to Reducing GHG Emissions

In 2021, we announced a GHG emissions reduction strategy covering short, medium and long-term initiatives. The greenhouse gas (GHG) emissions intensity from GeoPark’s operations in 2023 was 10.6 kg CO2e per barrel of oil equivalent, 18% less than in 2022.

See our 2022 GHG Emissions Report
Our Commitment to Reducing GHG Emissions

Our Goals

We will continue reporting progress towards our emissions reduction goals using GRI, IPIECA and SASB standards, alongside other relevant methodological frameworks.

GeoPark Emissions Reduction Strategy

35-40%

Emissions intensity reduction of scope 1 and 2 emissions by 2025

40-60%

Emissions intensity reduction of scope 1 and 2 emissions by 2025 and 2030

NET ZERO

Scope 1 and 2 emissions by 2050 or sooner

Highlights of our Emissions Reduction Strategy

Clean Energy
Connection of the Llanos 34 block to renewable power supplies
The construction of a 37km power transmission line and of the Tigana and Jacana substations, provides the energy to produce close to 58,000 barrels of oil per day – 8% of total Colombian oil production.
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Connection of the Llanos 34 block to renewable power supplies
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Connection of the Llanos 34
Clean Energy
Solar Photovoltaic Plant in the Llanos 34 block
A solar photovoltaic plant in Llanos 34 allow us to continue improving the block’s industry-leading carbon footprint performance.

This solar plant started operations in 2022. It provides 4.5MW of solar power to the Tua and Tarotaro fields in the Llanos 34 block, and has more than 16,000 panels and 9.99MWp installed capacity.
Solar Photovoltaic Plant in the Llanos 34 block
Energy Efficiency
Subsoil and surface optimization projects
We continue with projects to simplify operations and optimize the subsoil and surface in the Llanos 34 and Platanillo blocks.
Subsoil and surface optimization projects
Measuring GHG Emissions

The first step in managing GHG emissions is building a baseline. Since 2017, GeoPark has certified the greenhouse gas inventory of its operations in Scopes 1 and 2 in Colombia, through the ISO 14064 standard of the Colombian Institute of Technical Standards and Certification (ICONTEC).

See Certification
Adapting to climate change

The consequences of climate change have the potential to affect all our stakeholders, and our operations too. To move ahead on adaptation, in 2022 we undertook an exhaustive process of identifying risks associated with climate change and the energy transition.

Based on this work we have developed a plan to manage climate-related risks, considering different future scenarios encompassing critical risks as well as key opportunities related to climate change.

Find out more
Adapting to climate change

For more details see our SPEED/Sustainability Report.

See the Report

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