H&P and GeoPark announce three-year drilling agreement in Vaca Muerta

H&P and GeoPark have entered into a three-year agreement to deploy a FlexRig® with integrated technology, along with associated drilling services, in the Vaca Muerta formation in Argentina.

Under the agreement, H&P will support GeoPark’s factory drilling campaign of horizontal wells in the Loma Jarillosa Este and Puesto Silva Oeste blocks, with operations expected to begin by the end of 2026. The rig will operate on H&P’s advanced drilling technology platform, designed to drive efficiency, consistency and performance throughout the program.

Felipe Bayon, Chief Executive Officer of GeoPark, said: “Vaca Muerta is central to GeoPark’s strategy of returning to growth, and we are moving decisively to deliver our plan. After successfully starting unconventional operations in October 2025, we began drilling in March and have now secured a dedicated, technology-enabled rig for the next three years to support our factory drilling campaign program. This milestone is key for the investment plan presented in our RIGI submission and underscores the disciplined progress we are making in these world-class assets”.

Mike Lennox, Executive Vice President, Western Hemisphere Land Operations at H&P, said: “Argentina continues to be a region of significant growth within our global portfolio, and this alliance with GeoPark reflects that momentum. As GeoPark advances the development of its Vaca Muerta assets with a long-term strategic vision, we are proud to provide the drilling expertise, technology and equipment needed to help achieve those goals”.

This agreement is a significant milestone for both companies. For GeoPark, it marks the deployment of its first dedicated drilling rig in Argentina, as the company accelerates development of its unconventional assets. For H&P, this agreement expands its active rig count in Argentina, reinforcing a growing operational presence in one of the world’s most dynamic shale basins and deepening its commitment to the operators developing it.