GeoPark CEO proposes fracking in Colombia, citing Vaca Muerta, Argentina experience
This year began with a move that shook the Colombian energy board: GeoPark announced the purchase of exploration and production assets from...
TL;DR
- GeoPark acquired Frontera Energy's oil and gas assets for US$375 million, becoming Colombia's largest private oil company.
- The company expects to double its production to over 90,000 barrels per day and its reserves by 2028.
- CEO Felipe Bayón announced investments of US$120 million in 2026, including drilling 30 new wells.
- Bayón suggested Colombia should consider fracking, referencing the accelerated energy transformation in Argentina's Vaca Muerta.
- GeoPark is committed to reducing its carbon footprint, electrifying fields, and improving methane management, while also launching the Orinoquía Regenera project for land restoration.