GeoPark begins drilling in Vaca Muerta with investment of up to US$100 million in Neuquén
Portafolio Journalist 03.23.2026 10:17 Updated: 03.23.2026 10:17
TL;DR
- GeoPark has started its first drilling campaign in the Vaca Muerta formation in Neuquén, Argentina.
- The company plans to invest between USD 80 and 100 million in 2026 for this project.
- The goal is to increase oil production in Argentina from around 1,500 barrels per day to an estimated 5,000-6,000 barrels per day by the end of 2026.
- GeoPark has partnered with over 30 local contracting companies and signed 40 commercial agreements.
- The company has established a local office and a team of approximately 30 employees in Neuquén.
- Medium-term projections aim to increase production in the Neuquén Basin tenfold within three years, reaching nearly 20,000 barrels daily by the end of 2028.