GeoPark buys Repsol's Colombian assets for $530M, boosting oil production by 16,000 barrels daily.

GeoPark Limited has agreed to purchase certain Repsol assets in Colombia for about $530 million, including debt. The deal includes a 45% stake in the CPO-9 Block and a 25% interest in SierraCol Energy Arauca LLC, which together produced around 16,000 barrels of oil equivalent per day as of September 2024. This acquisition supports GeoPark's strategy to expand in high-value Latin American oil and gas regions.

November 29, 2024
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