GeoPark Announces First Quarter 2022 Operational Update
Retrieved on:
Monday, April 11, 2022
Public Policy, Government, Energy, Oil, Gas, Natural gas, WI, Contract, Fell, Tui, Platanillo, SucumbĂos Province, False equivalence, Oriente, Urraca, Heidi Jauk, Acquisition, Airline, Printed circuit board, Internet service provider, Renewable energy, Oil, Online gambling, Geopark, Jandaya parakeet
Oil represented 89% and 86% of total reported production in 1Q2022 and 1Q2021, respectively.
Key Points:
- Oil represented 89% and 86% of total reported production in 1Q2022 and 1Q2021, respectively.
- The production mix was 83% natural gas and 17% light oil in both 1Q2022 and 1Q2021.
- Average net production in Brazil decreased by 9% to 1,815 boepd in 1Q2022 compared to 1,984 boepd in 1Q2021.
- The Espejo and Perico blocks are attractive, low-risk exploration blocks located in the Sucumbios Province in the Oriente basin in northeastern Ecuador.