GeoPark Restricted, a Latin American power firm, has mentioned its pro-forma common every day manufacturing within the first quarter reached 36,279 barrels of oil equal (boe), surpassing its preliminary steerage for the 12 months of 35,000 boe.
The corporate mentioned manufacturing from natural operations was 8 p.c decrease than the fourth quarter of 2024 primarily as a consequence of an operational suspension on January 8, 2025, of the Platanillo Block and the divestiture of Llanos 32.
Manufacturing in Vaca Muerta reached a file of 17,358 barrels of oil equal per day (boepd) gross throughout February 2025, the corporate mentioned, including that it drilled 9 wells in the course of the quarter beneath assessment, 4 of that are in Vaca Muerta. Within the quarter, Vaca Muerta averaged 15,533 boepd.
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Key developments in the course of the quarter included bringing the PAD-9 space on-line, which consists of three wells every with a lateral size of three,200 meters (10,500 ft), and finishing the drilling of the PAD-12 space, that includes 4 wells every extending 3,000 meters (9,842 ft) laterally, each inside the Mata Mora Norte Block.
GeoPark mentioned it initiated the development of the Central Processing Facility (CPF-2), aiming for a complete therapy capability of 40,000 bopd by Might 2026. Moreover, the Duplicar Plus Pipeline commenced operations, securing a considerable transportation capability of 19,000 gross bopd.
GeoPark additionally reported file quarterly manufacturing in Llanos, attaining a median of 1,894 boepd (3,787 boepd gross) within the first quarter of 2025, fueled by robust efficiency from not too long ago related wells within the Llanos 123 Block. The Currucutu-1 exploration nicely, accomplished in April 2025, encountered 79 ft of internet pay and is producing 1,360 bopd gross with minimal water.
Moreover, the Bisbita Oeste-1 nicely is contributing 585 bopd gross, and a January workover on the Zorzal Este-2 appraisal nicely within the Llanos 87 Block is now averaging 285-300 bopd.
Following these developments, GeoPark’s present gross manufacturing within the Llanos 123 Block has additional elevated to 4,940 boepd, marking a brand new peak, the corporate mentioned.
The corporate plans to drill seven gross wells in Colombia and 4 gross wells in Argentina, concentrating on a mixture of typical, unconventional, appraisal, and exploration alternatives. Key actions embody drilling six infill wells and persevering with workovers within the Llanos 34 Block, finishing and bringing on-line 4 wells on the PAD-12 space within the Mata Mora Norte Block, spudding 4 wells on the PAD-1 space within the Confluencia Sur Block, drilling one appraisal nicely within the Llanos 123 Block, and drilling one exploration nicely within the Llanos 104 Block, the corporate mentioned.
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