GeoPark Reports 35,608 Barrels Of Oil Equivalent Per Day in Q2 with 11% Growth in Ecuador, 11 New Rigs
Portfolio Pulse from Benzinga Newsdesk
GeoPark Limited (NYSE:GPRK) reported a consolidated average oil and gas production of 35,608 boepd for Q2 2024, with significant growth in Ecuador and Colombia. The company is currently producing over 41,000 boepd as of July 1, 2024, and has 11 rigs in operation. Key projects include secondary recovery in the Llanos 34 Block, record production in the CPO-5 Block, and increased exploration in Ecuador and Argentina.
July 22, 2024 | 11:33 am
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GeoPark Limited reported a consolidated average oil and gas production of 35,608 boepd for Q2 2024, with notable growth in Ecuador and Colombia. The company is currently producing over 41,000 boepd as of July 1, 2024, and has 11 rigs in operation. Key projects include secondary recovery in the Llanos 34 Block, record production in the CPO-5 Block, and increased exploration in Ecuador and Argentina.
The increase in production and the addition of new rigs indicate strong operational performance and potential revenue growth. The company's expansion in key regions like Ecuador and Argentina further supports a positive outlook.
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