EXPLORATION &
DEVELOPMENT
FIG. 1
Source:
COLOMBIA, LLANOS 34 BLOCK
COLOMBIA
PANAMA
VENEZUELA
PERU 0 200 Km
0 124 Miles
Pacifc Ocean
Caribbean Sea
VIM- 3
Llanos basin La Cuerva
Llanos 34
SOUTH
AMERICA
Area
shown
COLOMBIAN ACREAGE
Block Acreage, thousands Operator Working interest, Basin
La Cuerva 47. 8 GeoPark 100.0 Llanos
Llanos 34 82. 2 GeoPark 45.0 Llanos
Yamu 11. 2 GeoPark 54. 5 Llanos
VIM- 3 225.0 GeoPark 100.0 Magdalena
Llanos 171 108.8 Parex 36. 8 Llanos
Llanos 321 100.3 Parex 10.0 Llanos
Abanico2 21. 1 Pacifc 10.0 Magdalena
Jagueyes 61. 1 Columbus 5.0 Llanos
CPO- 43 346.0 GeoPark 50.0 Llanos
1Subject to submission, approval by Colombia’s National Hydrocarbons Agency (ANH). 2Economic interest. 3Subject to approval from ANH.
Tayvis Dunnahoe
Exploration Editor
Latin American exploration and development has been ignored in the recent
years as operators focused more on
North American shale opportunities.
“However, the region has an immense
hydrocarbon resource potential and a
lot of opportunity,” GeoPark CEO Jim
Park said. The operator entered Chile
in late 2002, and after 15 years in the
region now holds acreage in Colombia,
Peru, Brazil, Chile, and Argentina and
plans to enter Mexico’s onshore plays.
GeoPark has targeted its growth on
big proven underexplored and underdeveloped mature onshore hydrocarbon basins across the region. Only a
handful of independent companies operate in Latin America, resulting in little
competition for attractive assets. Historically, most exploration and development has been dominated by major
operators and national oil companies.
New exploration play expands Colombia’s
Llanos basin oil production
