Sucumbíos Province

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, Sucumbíos 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.

GeoPark Announces Another Oil Field Discovery in Ecuador

Retrieved on: 
Monday, March 28, 2022
Energy, Other Energy, Oil, Gas, Company, Mission statement, Sale, Forward-looking statement, Tui, Geopark, Growth, NYSE, Public expenditure, IRR, Program, Sucumbíos Province, API, U.S. Securities and Exchange Commission, Oriente, Frontera Energy, Acquisition, Petroleum, Oil, Renewable energy, Urraca, Jandaya parakeet

GeoPark Limited (GeoPark or the Company) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator today announced its second hydrocarbon discovery in 2022 in the Perico block (GeoPark non-operated, 50% WI) in Ecuador.

Key Points: 
  • GeoPark Limited (GeoPark or the Company) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator today announced its second hydrocarbon discovery in 2022 in the Perico block (GeoPark non-operated, 50% WI) in Ecuador.
  • On January 28, 2022, the operator spudded the Tui 1 exploration well, located approximately 7 kilometers south from the Jandaya oil field, discovered in January.
  • GeoPark and its partner Frontera Energy Corporation are currently evaluating subsequent activities in the Perico block, including a potential development drilling plan for both the Jandaya and Tui fields.
  • The Espejo and Perico blocks are attractive, low-risk exploration blocks located in the Sucumbios Province in the Oriente basin in northeastern Ecuador.