GeoPark Acquires Repsol's Colombian Oil and Gas Assets for $530M, €500M, with $130M Impact

Nov 29, 2024, 12:42 PM

GeoPark has entered into an exclusive binding agreement to acquire Repsol's oil and gas exploration and production assets in Colombia. The deal is valued at $530 million (approximately €500 million), marking a significant expansion for GeoPark, a leading energy company. Repsol's divestment of these upstream assets is part of its broader strategy to raise over $4 billion through asset sales by 2025. The transaction is expected to have a negative impact of $130 million on Repsol's financial results.