Climate Action

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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

The greenhouse gas (GHG) emissions intensity from GeoPark’s operations in 2020 was 19.6 kg CO2e per barrel of oil equivalent, below global industry average. In 2021, we announced a GHG emissions reduction strategy covering short, medium and long-term initiatives.

See our 2021 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

Clean Energy

Solar Photovoltaic Plant in block Llanos 34

A solar photovoltaic plant in Llanos 34 is a key driver 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 Taro Taro fields in the Llanos 34 block, and has more than 16,000 panels and 9.99MWp installed capacity.

Energy Efficiency

Subsoil and surface optimization projects

We continue with the implementation of projects to simplify operations, optimization of the subsoil and surface in the Llanos 34 and Platanillo Blocks.

Energy Efficiency

Data Driven Models

We use all the data and AI to predict the maintenance of ESPs and take advantage of existing systems and sensors in wells to, for example:

• Balance in real time the energy requirement of an area with the operation of generators
• Maintain optimal temperature in oil separation process to reduce energy consumption thus avoiding emissions.
• Ensure that the sizing of equipment is the one required according to the volumes and parameterizing its inputs and outputs to work the equipment in its optimal range.

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).