Colombia's oil and gas producer GeoPark is planning a $7 billion investment in Venezuela's large Bare oilfield to increase crude output there to some 90,000 barrels per day by 2038 from a current 11,000 bpd, the company's chief executive, Felipe Bayon, said on Tuesday.
Colombia's Grupo Gilinski and Geopark on Friday signed a deal to jointly develop the Bare oilfield in Venezuela with state oil company PDVSA, a ceremony on state television showed.
Geopark NYSE: GPRK reported second-quarter 2026 production of 27,271 barrels of oil equivalent per day and said stable Colombian operations and accelerating development activity in Argentina supported sequential revenue growth and continued investment in its Vaca Muerta program.
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Felipe Bayon Pardo CEO | LSE Exchange | BMG383271050 ISIN |
| CO Country | 382 Employees | 19 Aug 2026 Last Dividend | 24 Feb 2020 Last Split | 15 Oct 2010 IPO Date |
GeoPark Limited is an integrated oil and natural gas exploration and production company with a strategic focus on Latin America, operationally present in several countries including Chile, Colombia, Brazil, Argentina, and Ecuador. Originally founded in 2002 under the name GeoPark Holdings Limited, the company underwent a name change to GeoPark Limited in July 2013, marking a significant phase in its branding and identity in the global energy market. GeoPark Limited has established its operational base in Bogotá, Colombia, leveraging the country's strategic location and resources to fuel its exploration and production activities across the Latin American region. The company's inception was driven by the goal to explore, develop, and produce valuable oil and gas reserves, catering to the growing energy demand within the region and beyond.
GeoPark Limited specializes in a range of services aimed at the exploration, development, and production of oil and gas reserves across Latin America. These services are foundational to the company's operations and business model, facilitating the provision of energy resources to a vast market.