GeoPark (NYSE: GPRK) details 4Q2025 output and Colombia polymer project
Rhea-AI Filing Summary
GeoPark reported that 2025 production exceeded the upper end of its guidance, helped by solid performance in its core assets in Colombia and Argentina and the first contributions from newly acquired Vaca Muerta assets.
For 4Q2025, total production reached 28,351 boepd, down from 31,489 boepd in 4Q2024, a
Positive
- None.
Negative
- None.
Insights
Production beat guidance but declined year over year, with mixed operational signals.
GeoPark states that full-year 2025 production surpassed the upper end of its guidance, which suggests better-than-planned operating execution across its Latin American portfolio. At the same time, quarterly data show 4Q2025 total production of 28,351 boepd versus 31,489 boepd in 4Q2024, a
The launch of a polymer injection project in the Llanos 34 Block is aimed at improving secondary recovery, which can help slow natural decline rates in mature oil fields. In Argentina, the company completed integration of newly acquired Vaca Muerta assets ahead of plan with early production uplift, indicating operational follow-through on that acquisition. Conversely, GeoPark highlights that production from the CPO-5 Block was impacted by blockades, underscoring above-ground operating risks.
Governance-wise, board member Somit Varma resigned for personal reasons, with the board planning to review succession and committee composition. Investors following the story may focus on how the full 2025 financial results to be released on
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16
OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of January 2026
Commission File Number: 001-36298
GeoPark Limited
(Exact name of registrant as specified in its charter)
Calle 94 N° 11-30 8° piso
Bogota, Colombia
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
| Form 20-F | X | Form 40-F |
GEOPARK LIMITED
TABLE OF CONTENTS
| ITEM | |
| 1. | Press Release dated January 21, 2026, titled “GeoPark Announces Fourth Quarter 2025 Operational Update” |
Item 1
FOR IMMEDIATE DISTRIBUTION
GEOPARK ANNOUNCES FOURTH QUARTER 2025 OPERATIONAL UPDATE
2025 PRODUCTION EXCEEDS GUIDANCE
SUCCESSFUL POLYMER INJECTION PROJECT LAUNCHED AT LLANOS 34
Bogota, Colombia – January 21, 2026 - GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent energy company with over 20 years of successful operations across Latin America, announces its operational update for the three-month period ended December 31, 2025 (“4Q2025”).
GeoPark closed 2025 delivering full-year production that surpassed the upper end of its yearly guidance range, supported by strong execution across its core assets in Colombia and Argentina. 2025 also marked the successful initiation of a polymer injection project in the Llanos 34 Block (GeoPark operated, 45% working interest (“WI”)), strengthening secondary recovery performance. In Argentina, integration of the newly acquired assets in Vaca Muerta was completed safely and ahead of plan, contributing to early production growth.
Oil and Gas Production and Operations
| · | Annual average oil and gas production of 28,233 boepd, above the upper range of the 2025 guidance of 26,000 – 28,000 boepd. Outperformance was driven by solid base delivery and secondary recovery from the Llanos 34 Block, stable production from the CPO-5 Block (GeoPark non-operated, 30% WI) and successful drilling results in the Llanos 123 Block (GeoPark operated, 50% WI) |
| · | 4Q2025 average oil and gas production of 28,351 boepd, 1% higher than 3Q2025, reflecting stable delivery from core operated and non-operated assets, as well as fresh production coming online in our Vaca Muerta assets |
| · | 6 rigs in operation (3 drilling and 3 workover) at 2025 year-end |
| · | 16 wells drilled and completed in 2025 |
| · | Manati gas field in Brazil: The transfer was completed on December 12, 2025, and as a result, GeoPark no longer holds any working interest in the Manati gas field. The remaining administrative steps to closing are subject to the finalization of customary amendments to consortium contracts, which are expected to be completed during 1Q2026 |
| · | Espejo and Perico Blocks in Ecuador: GeoPark divested these blocks, and the closing of the transaction occurred on December 9, 2025 |
Llanos 34 Block: Successful Initiation of the Polymer Injection Project
| · | 4Q2025 average production of 16,137 boepd net (35,859 boepd gross), reflecting a 5% decline compared to 3Q2025, consistent with the natural decline rate and driven by operational events, including scheduled maintenance and water quality constraints |
| · | Waterflooding projects continued to deliver strong results in 4Q2025, contributing approximately 6,370 boepd gross (18% of gross production) |
| · | Workover campaign focused on 28 interventions, delivering 3,230 boepd gross and reducing water production by 25,200 bwpd in 4Q2025 |
| · | Polymer Injection Project started on December 26, 2025, with two injector wells in the Tigui Area |
CPO-5 Block: Production Impacted by Blockades
| · | 4Q2025 average production of 6,153 boepd net (20,511 boepd gross), a 13% decrease compared to 3Q2025 |
| · | Production was negatively impacted by blockades that occurred from October 27 to November 7, after which production normalized |
1
Argentina: Operational Transition Completed with Early Production Uplift
| · | Successful takeover of the operations of the Loma Jarillosa Este and Puesto Silva Oeste blocks on October 16, 2025, completing the transition safely and without incidents |
| · | 4Q2025 average production of 1,234 boepd gross, driven by the Loma Jarillosa Este Block (GeoPark operated, 100% WI) |
| · | The Company established its operational office in Neuquén City, providing a local execution hub and strengthening coordination with contractors, regulators, and stakeholders. Approximately 90% of execution roles are currently held by local professionals with extensive operating experience in Vaca Muerta |
| · | Loma Jarillosa Este Block: |
| - | Successfully completed run-in-hole operations for tubing and artificial lift systems on all three wells at Pad 1020, resulting in an average incremental production increase of approximately 25% |
| - | Advanced the preparation of the Loma Jarillosa Environmental Impact Assessment (“EIA”) and other key regulatory permits |
| - | Engaged with neighboring operators to identify and advance potential operational synergies, aimed at improving efficiency and optimizing shared infrastructure and services |
Llanos Exploration: Strong Appraisal Results in Llanos 123
| · | 4Q2025 average production of 2,739 boepd net (5,477 boepd gross), 26% higher than 3Q2025, mainly driven by appraisal results from the Llanos 123 Block (GeoPark operated, 50% WI): |
| - | Toritos Norte-3: Producing 445 bopd from the Barco Formation, with 58% water cut |
| - | Toritos Este-1: Producing 470 bopd from the Barco Formation, with 17% water cut |
| - | Currucutú-2: Put on production on December 20, 2025, delivering 710 bopd from the Barco Formation, with 1% water cut |
| - | Bisbita Oeste-1: Currently injecting 1,300 bwpd, aligned with initial simulation stage |
| · | Llanos 104 Block (GeoPark operated, 50% WI): |
| - | Vencejo Norte-1: Exploratory well targeting the Mirador Formation was spudded on December 24 and reached total depth at 6,600 ft on January 1. Pressure data and logs confirmed a water-bearing reservoir, and the well was abandoned |
Putumayo: Production Campaign Underway
| · | Platanillo Block (GeoPark operated, 100% WI)1: |
| - | The field reopened on October 18, 2025, delivering average production of 601 bopd gross during 4Q2025. The field is currently producing 900 bopd gross |
Upcoming Catalysts 1Q2026
| · | Drilling 5-6 gross wells in Colombia, targeting conventional development projects |
| · | Key projects include: |
| - | Llanos 34 Block: Drilling 4-5 development wells focused on the Jacana Area. 2 injection wells remain active under the Polymer Injection Project in the Tigui area |
| - | Llanos 123 Block: Drilling 2 development wells |
| - | Loma Jarillosa Este Block: Closing of rig and services contracts, with rig mobilization expected in March and drilling of three stand-alone wells during 2Q2026 (two already drilled in the 5-well PAD). This phase precedes the start of factory drilling, expected in 4Q2026. Completion of the battery upgrade contracting is also planned |
Update on Board Composition
Mr. Somit Varma has stepped down from the Board of Directors of GeoPark Ltd. for personal reasons, effective January 19, 2026.
Mr. Varma joined the Board in 2020 and brought to GeoPark more than three decades of global experience in oil and gas, mining, and infrastructure investing. During his tenure, he played an active role across key Board committees, including those focused on strategy, risk, audit, and corporate governance.
The Board of Directors is grateful for Mr. Varma’s commitment, judgment, and service to GeoPark and wishes him well in his future endeavors. The Board will review its succession options and committee composition in due course.
1 GeoPark Colombia S.A.S. holds 100% ownership of Amerisur Exploración Colombia Limited, which is the official contractor and operator of the block.
2
Breakdown of Quarterly Production by Country
The following table shows production figures for 4Q2025, as compared to 4Q2024:
| 4Q2025 | 4Q2024 | |||||
| Total (boepd) |
Oil (bopd)a |
Gas (mcfpd) |
Total (boepd) |
% Change | ||
| Colombia | 25,629 | 25,629 | - | 29,740 | -14% | |
| Argentina | 1,234 | 1,138 | 580 | - | - | |
| Ecuador | 650 | 650 | - | 1,749 | -63% | |
| Brazil | 837 | 13 | 4,944 | - | - | |
| Total | 28,351 | 27,431 | 5,524 | 31,489 | -10% | |
| a) | Includes royalties and other economic rights paid in kind in Colombia for approximately 3,890 bopd in 4Q2025. No royalties were paid in kind in Ecuador or Brazil. Production in Ecuador is reported before the Government’s production share of approximately 157 bopd. |
Quarterly Production
| (boepd) | 4Q2025 | 3Q2025 | 2Q2025 | 1Q2025 | 4Q2024 |
| Colombia | 25,629 | 26,208 | 25,868 | 27,610 | 29,740 |
| Ecuador | 650 | 926 | 1,281 | 1,466 | 1,749 |
| Brazil | 837 | 1,002 | 231 | - | - |
| Argentina | 1,234 | - | - | - | - |
| Totala | 28,351 | 28,136 | 27,380 | 29,075 | 31,489 |
| Oil | 27,431 | 27,149 | 27,151 | 28,971 | 31,354 |
| Gas | 921 | 987 | 228 | 104 | 135 |
| a) | In Colombia, production includes royalties paid in kind, and in Ecuador it is shown before the Government’s production share. |
Reporting Date for 4Q2025 Results Release, Conference Call and Webcast
GeoPark will report its 4Q2025 and full-year 2025 financial results on Wednesday, February 25, 2026, after market close.
GeoPark management will host a conference call on Thursday, February 26, 2026, at 10:00 am (Eastern Standard Time) to discuss the 4Q2025 and full-year 2025 financial results.
To listen to the call, participants can access the webcast located in the Invest with Us section of the Company’s website at www.geo-park.com, or by clicking below:
https://events.q4inc.com/attendee/562628801
Interested parties may participate in the conference call by dialing the numbers provided below:
United States Participants: +1 646 844 6383
Global Dial-In Numbers:
https://www.netroadshow.com/events/global-numbers?confId=48643
Passcode: 459798
Please allow extra time prior to the call to visit the website and download any streaming media software that might be required to listen to the webcast.
An archive of the webcast replay will be made available in the Invest with Us section of the Company’s website at www.geo-park.com after the conclusion of the live call.
3
For further information, please contact:
| INVESTORS: | |
|
Maria Catalina Escobar Shareholder Value and Capital Markets Director |
mescobar@geo-park.com |
|
Miguel Bello Investor Relations Officer |
mbello@geo-park.com
|
|
Maria Alejandra Velez Investor Relations Leader |
mvelez@geo-park.com
|
MEDIA:
| Communications Department | communications@geo-park.com |
NOTICE
Additional information about GeoPark can be found in the “Invest with Us” section on the website at www.geo-park.com.
Rounding amounts and percentages: Certain amounts and percentages included in this press release have been rounded for ease of presentation. Percentages included in this press release have not in all cases been calculated on the basis of such rounded amounts, but on the basis of such amounts prior to rounding. For this reason, certain percentages in this press release may vary from those obtained by performing the same calculations on the basis of the amounts in the financial statements. Similarly, certain other amounts included in this press release may not sum due to rounding.
CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION
This press release contains statements that constitute forward-looking statements. Many of the forward-looking statements contained in this press release can be identified by the use of forward-looking words such as ‘‘anticipate,’’ ‘‘believe,’’ ‘‘could,’’ ‘‘expect,’’ ‘‘should,’’ ‘‘plan,’’ ‘‘intend,’’ ‘‘will,’’ ‘‘estimate’’ and ‘‘potential,’’ among others.
Forward-looking statements that appear in a number of places in this press release include, but are not limited to, statements regarding the intent, belief or current expectations, regarding various matters, including, drilling campaign, production guidance, closing of acquisition and divestment transactions and production consolidation. Forward-looking statements are based on management’s beliefs and assumptions, and on information currently available to the management. Such statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors.
Forward-looking statements speak only as of the date they are made, and the Company does not undertake any obligation to update them in light of new information or future developments or to release publicly any revisions to these statements in order to reflect later events or circumstances, or to reflect the occurrence of unanticipated events. For a discussion of the risks facing the Company which could affect whether these forward-looking statements are realized, see filings with the U.S. Securities and Exchange Commission (SEC).
Oil and gas production figures included in this release are stated before the effect of royalties paid in kind, consumption and losses. Annual production per day is obtained by dividing total production by 365 days.
4
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| GeoPark Limited | |||
| By: | /s/ Jaime Caballero Uribe | ||
| Name: | Jaime Caballero Uribe | ||
| Title: | Chief Financial Officer | ||
Date: January 22, 2026
FAQ
How did GeoPark (GPRK) production in 4Q2025 compare to 4Q2024?
In 4Q2025, GeoPark produced 28,351 boepd, compared with 31,489 boepd in 4Q2024, a
What were GeoPark e2 80 99s oil and gas production levels in 4Q2025?
In 4Q2025, GeoPark reported oil production of 27,431 bopd and gas production of 921 mcfpd, contributing to total output of 28,351 boepd.
Did GeoPark (GPRK) meet its 2025 production guidance?
Yes. GeoPark states that full-year 2025 production exceeded the upper end of its yearly guidance range, supported by strong execution in its core assets.
What is the polymer injection project GeoPark started in the Llanos 34 Block?
In 2025, GeoPark initiated a polymer injection project in the Llanos 34 Block (45% WI). The project is designed to strengthen secondary recovery performance and improve field recovery factors.
How are GeoPark e2 80 99s newly acquired Vaca Muerta assets performing?
GeoPark reports that in Argentina, integration of its newly acquired Vaca Muerta assets was completed safely and ahead of plan, contributing to early production growth.
Were there any operational challenges for GeoPark (GPRK) in 4Q2025?
Yes. GeoPark notes that production in the CPO-5 Block was impacted by blockades, which affected output. Ecuador production also declined versus 4Q2024.
What board change did GeoPark announce in January 2026?
Somit Varma stepped down from GeoPark e2 80 99s Board of Directors for personal reasons, effective
