GeoPark Beats 2025 Production Guidance as it Enters Argentina's Vaca Muerta

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Written by Amir Richani for IIR News Intelligence (Sugar Land, Texas)

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Summary

GeoPark produced 28,233 BOE/d throughout 2025, surpassing its production guidance for the year. The company has begun production in Argentina's Vaca Muerta and expects to further increase production between 2026 and 2028.

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GeoPark's Production

GeoPark Limited (Bogota, Colombia) reported an output of 28,233 barrels of oil equivalent per day (BOE/d) throughout 2025, slightly above the upper-end guidance of 26,000-28,000 BOE/d. During Q4, the company averaged 28,351 BOE/d, 1% higher than the previous quarter.

Production growth was partly driven by Colombia's Llanos 123 block, averaging 2,739 BOE/d in Q4, up 26% from the previous quarter, driven by exploration appraisal results. The reopening of the Platanillo block in October, in Colombia, also contributed with 601 BOE/d in Q4.

Geopark's success also stems from the Vaca Muerta asset in Argentina. In October, the company acquired Loma Jarillosa Este and Puesto Silva Oeste for US$115 million. GeoPark produced 1,234 BOE/d in Q4 in Argentina, driven by Loma Jarillosa Este with ongoing efforts to increase Loma Jarillosa Este's output with the drilling of new wells.

Most production came from Colombia's Llano 34 block, which produced 16,137 BOE/d in Q4, a 5% quarter-over-quarter drop due to natural decline, maintenance, and water-quality issues.

Throughout last year, the company drilled 16 wells, and had six rigs in operation at year's end. For first-quarter 2026, GeoPark plans to drill between five and six wells in Colombia.

In Q4, the company transferred its stakes in Brazil's Manati gas field and divested its holdings in Ecuador's Espejo and Perico blocks, which produced 837 BOE/d (Brazil) and 650 BOE/d (Ecuador), respectively.

GeoPark has a long history in South America with investments in Colombia, Brazil and Ecuador, and it plans to further expand its market share. This year, it aims to increase production after acquiring its Argentine assets. In 2026, Geopark forecasts 27,000-30,000 BOE/d and capital costs of US$190 million-$220 million.

In 2026, Colombia's capital spending is set at US$110 million-$120 million for drilling 22-31 wells. An additional US$80-$100 million is allocated for five wells in Argentina.

The company expects production to keep climbing in 2027 to 32,000-34,000 BOE/d and to 44,000-46,000 BOE/d in 2028.

Key Takeaways

• GeoPark averaged 28,233 BOE/d in 2025.
• The company sold its Brazilian and Ecuadorian assets.
• Geopark began production in Vaca Muerta after its October acquisition.

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About IIR News Intelligence
IIR News Intelligence is a trusted source of news for the industrial process and energy markets, powered by Industrial Info Resource's Global Market Intelligence (GMI).

About Industrial Info Resources
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 250,000 current and future projects worth $30.2 Trillion (USD).

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