GeoPark Acquires Repsol's Colombian Assets for $500M, Impacting Repsol's Results

Nov 29, 2024, 09:15 AM

GeoPark Ltd. has entered into an exclusive binding agreement to acquire Repsol S.A.'s oil and gas exploration and production assets in Colombia for $500 million. This acquisition marks a significant expansion for GeoPark, enhancing its presence in the Colombian energy sector. The deal, however, will have a negative impact of $130 million on Repsol's financial results.