• 1Q23 production of 36,578 boe/d had already been reported.
• The Indico 6 and Indico 7 wells in the CPO-5 block in Colombia are now expected to return to production in July (rather than May) when the definitive surface facilities are completed. The facilities are 60-65% complete and there is improved confidence that date can be achieved. These two wells represent ~2.4-3.3 mbbl/d net to GeoPark.
• As a result of this delay and combined with the shut-in production of approximately 400 bopd in C ....
05 May 2023
GeoPark Limited (NYSE: GPRK): Protecting shareholder returns as lower capex offsets delayed production
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GeoPark Limited (NYSE: GPRK): Protecting shareholder returns as lower capex offsets delayed production
- Published:
05 May 2023 -
Author:
Stephane Foucaud -
Pages:
5
• 1Q23 production of 36,578 boe/d had already been reported.
• The Indico 6 and Indico 7 wells in the CPO-5 block in Colombia are now expected to return to production in July (rather than May) when the definitive surface facilities are completed. The facilities are 60-65% complete and there is improved confidence that date can be achieved. These two wells represent ~2.4-3.3 mbbl/d net to GeoPark.
• As a result of this delay and combined with the shut-in production of approximately 400 bopd in C ....