GeoPark Surpasses 2025 Production Guidance, Advances Vaca Muerta Integration

Event summary

  • GeoPark's 2025 average oil and gas production reached 28,233 boepd, exceeding the upper end of its guidance range of 26,000–28,000 boepd.
  • The company successfully initiated a polymer injection project in the Llanos 34 Block and completed the integration of newly acquired assets in Argentina's Vaca Muerta.
  • 4Q2025 production was 28,351 boepd, a 1% increase from 3Q2025, driven by stable delivery from core assets and new production from Vaca Muerta.
  • GeoPark divested the Espejo and Perico Blocks in Ecuador and completed the transfer of the Manati gas field in Brazil.
  • Somit Varma stepped down from the Board of Directors effective January 19, 2026.

The big picture

GeoPark's operational update highlights its ability to exceed production targets through strong execution in core assets and strategic initiatives like the polymer injection project. The successful integration of Vaca Muerta assets positions the company for further growth in Argentina's shale play, while divestments in Ecuador and Brazil reflect a focus on optimizing its portfolio. The departure of a seasoned board member underscores the importance of governance in navigating operational and market challenges.

What we're watching

Production Stability
Whether GeoPark can sustain its production growth amid natural decline rates and operational events in key blocks like Llanos 34.
Vaca Muerta Expansion
The pace at which GeoPark can scale its operations in Argentina's Vaca Muerta, including the timing of factory drilling in 4Q2026.
Governance Dynamics
How the departure of Somit Varma will impact the Board's strategic direction and succession planning.