The programme entails looking into new exploration prospects in the Llanos Orientales Basin as well as further development and appraisal of its Tigana and Jacana oilfields, both located in the LLA-34 block, where it will drill 24 to 27 wells. In its LLA-32 block, the company intends to drill two exploration wells.
GeoPark will also construct “additional facilities to support future production growth and to optimise operating and transportation costs,” the statement added.
GeoPark operates the LLA-34 block with a 45% stake and has a 12.5% participating stake in LLA-32.
The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More
ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More
BP-Eni joint venture Azule Energy has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More
Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More
This website uses cookies.