GeoPark Ltd averaged 27,249 barrels of oil equal a day (boed) in manufacturing within the first quarter (Q1) with will increase in each its international locations of lively operation, Colombia and Argentina.
The determine was down from 28,351 boed in This autumn 2025 because of GeoPark’s divestments in Brazil and Ecuador, the Bogota-based explorer and producer mentioned in an operational replace Thursday.
Colombian manufacturing earlier than royalties totaled 25,819 boed within the January-March 2026 quarter, in comparison with 25,629 boed in This autumn 2025. Argentina contributed 1,430 boed – earlier than authorities share deduction – to GeoPark’s output in Q1 2026, up from 1,234 boed in This autumn 2025.
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Greater than half of GeoPark’s manufacturing, 15,734 boed internet, got here from Colombia’s Llanos 34 block. Internet manufacturing from the block fell 2.5 p.c from the prior three-month interval because of “pure decline, short-term operational disruptions, and a delay within the drilling and workover marketing campaign, partially offset by robust secondary restoration efficiency”, GeoPark mentioned.
Within the CPO-5 block, GeoPark’s share dropped 7.7 p.c quarter-on-quarter to six,109 boed because of blockades in February. “Blockades have since been resolved”, GeoPark mentioned.
“Improvement and exploration drilling exercise [in CPO-5] will begin on the finish of April. GeoPark continues working with the operator to advance upcoming exercise and mitigate the influence of short-term operational disruptions”, it mentioned.
Internet manufacturing from the Llanos 123 block grew 13 p.c to three,118 boed, “primarily pushed by constructive base manufacturing efficiency and the Bisbita waterflooding undertaking outcomes”, GeoPark mentioned.
At Platanillo, GeoPark derived 859 boed. “GeoPark continues producing within the area whereas preserving flexibility for future capital allocation choices”, it mentioned.
In Argentina, the place GeoPark’s manufacturing comes from the Vaca Muerta unconventional play, nation contribution principally got here from the Loma Jarillosa Este block.
GeoPark mentioned it had launched building for the first-stage enlargement of the Loma Jarillosa Este gathering station, which might increase capability for 10,000 bopd from 6,000 bopd.
GeoPark just lately signed a deal to purchase Frontera Vitality Corp’s oil and gasoline exploration and manufacturing belongings in Colombia for as much as $400 million plus assumed debt. Nonetheless, the deal didn’t push by after Canada’s Frontera opted for a competing provide by Parex Assets Inc.
In an announcement March 9, GeoPark mentioned rising its value for the Frontera belongings “wouldn’t meet GeoPark’s anticipated risk-adjusted return thresholds”.
GeoPark is scheduled to launch its Q1 2026 outcomes Could 6. GeoPark expects the outcomes to learn from greater realized oil costs.
“Unusually unstable market situations prevailed in 1Q2026, together with materials actions in Brent, regional differentials, and particular disruptions in Ecuador”, GeoPark mentioned.
“In mixture, GeoPark’s mixed realized value was $60.4/bbl in 1Q2026, versus $54.8/bbl in 4Q2025, reflecting stronger Brent costs and the restoration in differentials towards quarter-end, regardless of a $7.0/bbl influence from hedges and earn-outs”, it added.
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