GeoPark has accomplished its beforehand introduced acquisition from Pluspetrol S.A. of a 100% operated working curiosity within the Loma Jarillosa Este and Puesto Silva Oeste blocks, positioned within the black oil window of Argentina’s Vaca Muerta formation within the Neuquén basin.
The Authorities of Neuquén Province has issued decrees formalizing the transaction — DECTO-2025-1226 for Loma Jarillosa Este and DECTO-2025-1270 for Puesto Silva Oeste — granting all required governmental and regulatory approvals. The switch contains the formal execution of public deeds between GeoPark and Pluspetrol, finalizing the concession transfers and enabling GeoPark to imagine full operatorship.
As a part of the closing, GeoPark transferred a 5% working curiosity within the Puesto Silva Oeste block to Gasoline y Petróleo del Neuquén S.A. (GyP), which joins as a strategic associate within the improvement of the asset. The transaction represents complete consideration of roughly $115 million.
The transfer expands GeoPark’s operated footprint in one in every of South America’s most lively unconventional oil areas, the place Vaca Muerta continues to draw worldwide funding and large-scale improvement. The corporate mentioned its groups are already mobilized to start operational work throughout each blocks.
“This closing marks an vital milestone for GeoPark as we formally develop into operators in Vaca Muerta,” mentioned Felipe Bayón, CEO of GeoPark. “We thank the Authorities of Neuquén Province, Pluspetrol, and GyP for his or her belief and partnership all through this course of. Our groups are able to ship on our commitments and develop these belongings with the operational and monetary excellence, environmental stewardship, and social accountability that outline GeoPark.”
The corporate described the completion as an illustration of its long-term dedication to Argentina and its technique to develop manufacturing and reserves by means of disciplined funding and partnership with native stakeholders.
