GeoPark reported an average annual production of 28,233 barrels of oil equivalent per day (boepd) in 2025, exceeding its guidance range of 26,000 to 28,000 boepd. In the fourth quarter, production reached 28,351 boepd, driven by optimizations and key divestitures. The company operated six drilling rigs and completed 16 wells over the year.
GeoPark, a company focused on hydrocarbon exploration and production, ended 2025 with strong results across its Latin American operations. The average annual production hit 28,233 boepd, surpassing the upper end of its initial guidance of 26,000 to 28,000 boepd. This achievement was supported by performance in Colombian and Argentine assets, along with new production integration in Vaca Muerta.
In the fourth quarter of 2025, average production stood at 28,351 boepd, a 1% increase from the previous quarter. Throughout the year, GeoPark operated six drilling rigs and drilled and completed 16 wells, making progress in optimizing its main fields. On the corporate front, the company finalized the transfer of the Manatí gas field in Brazil on December 12, 2025, ending its stake in that asset. It also closed the divestiture of the Espejo and Perico blocks in Ecuador on December 9 of the same year.
Key projects, such as water injection, accounted for nearly 18% of gross production in certain blocks. The workover campaign, involving 28 interventions, yielded 3,230 gross boepd and reduced water production by 25,200 barrels per day. Additionally, the polymer injection project began operations on December 26, 2025, with two injector wells in the Tigui area.
In the non-operated CPO-5 block, net average production for the fourth quarter was 6,153 boepd, a 13% drop from the third quarter, impacted by blockades from October 27 to November 7, 2025, after which operations normalized.
In Colombia, the Llanos 123 block saw production increases in the fourth quarter due to an advanced campaign. In Llanos 104, an exploratory well was drilled and abandoned after confirming water presence. In Putumayo, the Platanillo field resumed operations in the final quarter. Looking to 2026, GeoPark anticipates new drilling and development activities in its main Colombian and Argentine blocks during the first quarter.
