Quarterly UpdatesJul 22, 2026, 04:47 PM
GeoPark Q2 2026 Production 27,271 boepd; Secures Vaca Muerta Rig
AI Summary
GeoPark Limited announced its Q2 2026 operational update, reporting stable consolidated average oil and gas production of 27,271 boepd. The company highlighted accelerated execution in Vaca Muerta, Argentina, securing a three-year drilling rig contract and aiming to triple production by year-end 2026. Key developments include strong waterflooding results in Llanos 34 and continued growth in Llanos 123. Additionally, the Annual General Meeting saw strong shareholder support for all resolutions, including the election of new directors and the appointment of a new auditor.
Key Highlights
- Q2 2026 consolidated average oil and gas production was 27,271 boepd, stable vs. Q1 2026.
- Secured a three-year drilling rig contract for Vaca Muerta, Argentina, with first spud expected late 4Q2026.
- Llanos 34 Block Q2 2026 average production was 15,697 boepd net, with waterflooding contributing 20.6%.
- Argentina Q2 2026 average production was 1,400 boepd gross; targeting 20,000 boepd within three years.
- Llanos 123 Block Q2 2026 average production was 3,171 boepd net, up 1.7% from Q1 2026.
- Shareholders approved all resolutions at the AGM, including electing new directors and appointing Ernst & Young Audit S.A.S. as auditor.
- Upcoming Q3 2026 catalysts include drilling 6-7 gross wells in Colombia and completing hydraulic fracturing in Argentina.
Price Impact
More from GPRK