GeoPark Announces Strategic Entry into Venezuela 

GeoPark announced its strategic entry into Venezuela through the Bare block, a heavy oil producing asset located in the Orinoco Oil Belt. With existing production and infrastructure, Bare represents a large-scale redevelopment opportunity with significant recovery potential.

The transaction expands GeoPark’s regional presence – which currently consists of operations in Colombia and Argentina – and strengthens its long-term growth strategy. Together with the expected growth of Vaca Muerta, the addition of Bare could bring GeoPark’s production to 75,000 – 85,000 barrels of oil equivalent per day by 2030.

Find out more about GeoPark’s strategic entry into Venezuela:

→ Read the press release

→ Replay the September 8 investor call

→ See the corporate presentation on the Strategic Entry to Venezuela