'Hay muchas regiones del país donde se podría hacer 'fracking'': CEO de GeoPark, tras comprar activos de Frontera
Felipe Bayón, CEO de GeoPark revela detalles de la compra de los activos de Frontera Energy. Foto: Cortesía GeoPark
TL;DR
- GeoPark acquired 100% of Frontera Energy's oil and gas assets in Colombia for $375 million, with potential for an additional $25 million.
- The transaction is effective January 1, 2026, and makes GeoPark the largest private hydrocarbon company in Colombia.
- GeoPark's production is expected to increase from approximately 28,000 barrels per day to around 68,000 barrels per day post-acquisition.
- The company aims for a total production of 95,000 barrels per day by 2028, including potential from fracking operations in Argentina.
- The acquisition includes a focus on increasing gas production and exploring opportunities within the VIM-1 block.
- GeoPark views this acquisition as a sign of confidence in Colombia and a strategy to consolidate the country's oil and gas sector for the medium and long term.