GeoPark Announces Strategic Expansion into Venezuela with Planned Well Reactivations
GeoPark Limited (GPRK) has officially entered the Venezuelan market following the successful completion of its strategic entry through the Bare Block. This move marks a significant shift in the company's portfolio, diversifying its operations beyond its traditional focus on Colombia. The company plans to reactivate between 100 and 150 wells in Venezuela by 2027. Despite this expansion into new territory, management maintains that full-year output and EBITDA are expected to remain within previously provided guidance.
Tickers: $GPRK
Topics: earnings call oil and gas exploration portfolio expansion