We are GeoPark
About us
We are a leading independent oil and gas exploration and production (E&P) company in Latin America, with more than 20 years’ experience in the sector. Since our creation we have applied an all-round vision in our approach to generating value for our stakeholders, in which the well-being of our employees, the development of the communities neighboring our operations and strict compliance with regulations are as important as our economic and productive performance.
Our main results
ZERO
fatal incidents
0.4 LTIR
lost time injury rate*
*Under guidelines of the International Oil & Gas Producers’ Association – IOGP.
0.7 TRIR
total recordable injury rate
0.2 MVCR
motor vehicle crash rate
8.5 MILLION
hours worked
52,345
operational risk analyses carried out
7,212
health and safety training sessions
38,545
safety inspections
1,044
emergency drills
US$ 1.05 BILLION
annual revenue from oil and gas sales
US$ 540 MILLION
adjusted ebitda
US$ 224 MILLION
net profit
56 MMBOE
pd reserves
US$ 24.7
net present value of 2p reserves per share*
* After taxes.
US$ 1.8 BILLION
net present value of 2p reserves*
* After taxes.
128.4 MMBOE
2p reserves (prms certified)
(petroleum resource management system)
9.1 YEARS
2p reserve life index (rli)
84 %
drilling success rate
*** Based on the U.S. Securities Exchange Commission’s definition of dry wells and producing wells set forth in Item 1205 of Regulation S-K.
482
employees
100 %
of employees own shares in the company
50 %
of the executive team are women
37 %
of employees are women
47 %
of new hires are women
100 %
of employees received training
US$ 398
average investment in training per employee
100 %
of employees have medical insurance, parental leave and life insurance
ZERO
environmental fines or penalties in our operations
12.1 KG CO2 E/BOE
scope 1 and 2 emissions intensity 34.2 % less than 2021
0.4
barrels of oil spilled per million barrels produced
ZERO
nonconformities in external auditing of the environmental management system in colombia
+34,000
trees planted/donated in colombia
US$ 1.7 MILLION
environmental investment
US$ 50/TCO2 EQ
internal co2 price for analyzing climate impact
52.3 HECTARES
restored
56.1KWH/BOE PRODUCED
energy intensity index 24.3 % less than 2021
US$ 5.1 MILLION
social investment
88 %
of social investment was in rural areas
120,213
people benefitted from social programs
450
local suppliers in the value chain
+3,000
job opportunities created in our value chain
+20,400
neighbors in the areas of our operations took part in 1,348 meetings
93 %
of enquiries resolved through the cuéntame grievance mechanism
achievements and awards
With the connection to the electricity grid and the start-up of a photovoltaic solar plant in Llanos 34, our main asset and one of the highest-producing oil blocks in Colombia, we increased to about 70 % the proportion of clean energy that feeds our operations.
Inclusion of the Company, for the second time, in the Bloomberg Gender-Equality Index (Bloomberg GEI) for our management and transparency in gender equality.
Recognition from the Government of Colombia for the contribution to overcoming poverty through the ‘Viviendas Sostenibles’ program that seeks to improve the housing conditions of families neighboring our operations in Casanare and Putumayo, Colombia.
The electrical interconnection, together with the commissioning of the photovoltaic solar energy plant, was decisive in significantly reducing the carbon footprint of the Llanos 34 block.
Joining the Business Ethics Leadership Alliance (BELA) initiative of the Ethisphere Institute, a for-profit organization that defines and measures corporate ethical standards, acknowledges stand-out companies and promotes best practices in corporate ethics.
Completion of two projects under the Works for Taxes mechanism that contribute to quality education and comprehensive care for more than 8,000 children and adolescents in Putumayo.
First place in all eight categories of Institutional Investor’s annual ranking: Best CEO, Best CFO, Best Investor Relations (IR) Program, Best IR Team and Event, Best IR Professional, Best ESG Metrics, and Best Covid-19 Crisis Management.
Partnership with Best Buddies Colombia to create job opportunities for people with intellectual disabilities.
Joining the Carbon Neutrality program of Colombia’s Ministry of Environment and Sustainable Development for the improvement of GHG emissions management.
Our business model
We differentiate ourselves by having the necessary capabilities across the entire spectrum of hydrocarbon exploration and production in Latin America. To always be the best oil and gas operators we must keep managing our assets sustainably, so that we continue to create long-term value for our customers and all our stakeholders.
GeoPark culture
We have created and enhanced a unique culture that promotes and rewards the human quality and passion of our team, the diversity of contributions by each of our employees, and the experience and ethics through which we carry out our activities. Our commitment is to work with professionalism and integrity, seeking equality and transparency in everything we do.