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 consists of 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 Fuel y Petróleo del Neuquén S.A. (GyP), which joins as a strategic accomplice within the improvement of the asset. The transaction represents complete consideration of roughly $115 million.
The transfer expands GeoPark’s operated footprint in one among South America’s most energetic unconventional oil areas, the place Vaca Muerta continues to draw worldwide funding and large-scale improvement. The corporate stated its groups are already mobilized to start operational work throughout each blocks.
“This closing marks an necessary milestone for GeoPark as we formally turn out to be operators in Vaca Muerta,” stated 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 property with the operational and monetary excellence, environmental stewardship, and social duty that outline GeoPark.”
The corporate described the completion as an indication of its long-term dedication to Argentina and its technique to develop manufacturing and reserves via disciplined funding and partnership with native stakeholders.
