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Energy Transition

GeoPark supports an energy transition aligned with our growth strategy, contributing to a low-carbon economy while generating cleaner, more accessible, and efficient energy. We do this through innovative projects, portfolio diversification, and management practices centered on sustainability, access to cleaner energy sources, and a just energy transition.

Energy Transition

Performance Highlights

60.2%

Reduction in energy intensity compared to our baseline, between 2021 and 2024

9.9 MW

of renewable energy generated by the solar farm in Llanos 34

6

Energy Communities registered with the Colombian Ministry of Mines, which in 2025 will benefit over 1,100 people

50 MW

of operational capacity in the interconnection of the Llanos 34 block to the National Interconnected System

STRATEGY

Our approach to cleaner, more resilient energy

At GeoPark, we see the energy transition as an opportunity to create value and give back, to adapt, and to manage risks related to energy competitiveness, affordability, and reliability, as well as the physical risks associated with climate change. In this context, we will focus our efforts on three key areas:

Diversifying to Adapt

Transition to a low-carbon economy

An opportunity to diversify our portfolio, initially towards natural gas and then to other low-emission technologies, to strengthen the Company’s ability to adapt in the future.

Energy that Drives Our Performance

Access to cleaner and more efficient energy sources

To maintain our competitiveness, we seek cost-effective, renewable, reliable and efficient energy sources that allow us to continue decarbonizing our operations and increase our resilience to climatic phenomena that may affect energy supply.

Energy for All

Just energy transition

We promote a just and inclusive energy transition, contributing to closing energy gaps and generating economic opportunities for our neighbors. At the same time, we reskill our employees and integrate suppliers and contractors to face the challenges of the transition.

OUR APPROACH

Energy Transition Management

Our efforts to advance the energy transition are based on two complementary lines of action: moving toward a low-carbon economy and accessing clean and efficient energy sources. Within this framework, we promote concrete actions that strengthen our energy strategy.

Natural Gas

Producing reliable energy with a lower carbon footprint

Natural gas is a key energy source in our portfolio due to its lower emissions intensity and its ability to guarantee continuous energy supplies. Through responsibly developing gas, we contribute to the regional energy transition while strengthening competitiveness and energy security in the countries we operate in.

Renewable Energies

Incorporating renewable solutions into our operations

We are including ever-more non-conventional renewable energy sources into our operations. In 2024 we made technical studies for solar projects and hybrid models in strategic assets, integrating technology and energy efficiency into our current infrastructure.

Energy Efficiency

Reducing energy intensity in our operations

We implement initiatives to optimize the consumption of electrical and thermal energy, as well as the operational efficiency of our processes. This includes monitoring key indicators in real time, predictive maintenance, and use of energy-efficient systems in our facilities.

Diversifying our Energy Matrix

Operating more sustainably by changing our energy sources

We transformed our energy consumption matrix by progressively reducing the share of more carbon-intensive fuels. In 2024, more than 63% of the energy consumed by GeoPark came from sources with lower emissions intensity, reflecting our commitment to a cleaner operation aligned with our climate goals.

GOVERNANCE

Strategic leadership for our energy transition

Our solid, cross-cutting, results-oriented governance model enables us to effectively implement our energy transition strategy. From the Board of Directors to the operational teams, every level of the organization takes on specific responsibilities to guarantee the planning, execution, monitoring and continuous improvement of our energy plans.

Governance, follow up and monitoring

Board of Directors/
Board Committees

SPEED/Sustainability Committee

Approves the Sustainability Framework that materializes the SPEED values and oversees the management of the Company’s material topics.

CEO /
Dirección

CEO / Director of Strategy, Sustainability & Legal / CFO / COO

Hold executive level responsibility for the Sustainability Framework and compliance with financial, sustainability and energy transition goals.

Management

Sustainability Manager / Planning Manager / Director of Facilities and Processes

Responsible for creating, executing and supervising the implementation of the Company’s energy transition plans and portfolio diversification, as well as identifying potential business opportunities.

Operational Level/
Management Teams

Sustainability / Financial Planning / Commercial Management / Supply Management / Facilities and Processes

Implement financial and energy transition plans.

JUST ENERGY TRANSITION

Energy communities to close gaps and transform territories

GeoPark promotes equitable access to energy through the Energy Communities model, which is recognized by the Colombian State and promotes distributed generation from clean sources, in line with local requirements. We structured six Energy Communities in 2024, which are already registered with the Ministry of Mines and Energy. These projects will bring solar energy to rural homes, educational institutions, and other community infrastructure in territories with energy access challenges.

Learn more

Find out more in our SPEED/Sustainability Report.

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