GeoPark prevé casi duplicar su producción de hidrocarburos en los próximos tres años

GeoPark proyecta aumentar su producción de hidrocaburos a 2028. Foto: Cortesía: GeoPark

GeoPark prevé casi duplicar su producción de hidrocarburos en los próximos tres años

TL;DR

  • GeoPark's 2026 work program and 2027-2028 guidance indicate a projected increase in hydrocarbon production.
  • The company expects Colombia to remain a strong base for free cash flow, balance sheet strength, and shareholder returns.
  • Entry into Vaca Muerta in Argentina is anticipated to boost production following the integration of Loma Jarillosa Este and Puesto Silva Oeste blocks.
  • Production forecasts show a steady increase, reaching 44,000-46,000 barrels of oil per day by 2028.
  • The company anticipates an increase in oil prices from US$65 to US$70 per barrel for Brent crude.
  • Colombia's production has experienced an earlier than expected positive inflection point, reaching 2026 projections in the last quarter.
  • Production increases in Argentina, originally expected in 2027, are now anticipated for 2026, with a projected exit rate of 5,000–6,000 bopd.
  • The 2026 work program includes a Capex of US$190-220 million to support production of 27,000-30,000 boepd, with 88% conventional and 12% unconventional production.
  • Approximately 86% of drilling activities will focus on development, with 14% allocated to exploration and evaluation.