GeoPark Limited announced on September 24, 2025, that it has entered into an agreement with Pluspetrol S.A. to acquire a 100% operated working interest in the Loma Jarillosa Este and Puesto Silva Oeste blocks. These blocks are located in Neuquen Province, Argentina, and target black oil in the Vaca Muerta formation. This strategic move marks GeoPark's entry as an operator in one of the world's most prolific unconventional plays.
This acquisition is a significant development for GeoPark, positioning it to directly control and develop high-potential assets in a key growth basin. The company's operated position is expected to add immediate production and substantial reserves, complementing its established assets in other regions. This move follows a disciplined approach to portfolio management and strategic expansion.
For investors, this agreement is very bullish as it represents a transformative step in GeoPark's growth trajectory. Becoming an operator in Vaca Muerta provides greater control over development plans and cost efficiencies, potentially unlocking significant long-term value and enhancing the company's overall production and reserve profile.
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