Climate Action - GeoPark

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
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.
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.

35-40%

Emissions intensity reduction of scope 1 and 2 emissions by 2025

35-40%

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

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).

For more details see our SPEED/ESG Report.

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