We are GeoPark

We are GeoPark

(102-1, 102-2, 102-3, 102-4, 102-5, 102-6, 102-7 and 102-10) We are a leading independent oil and gas exploration and production company in Latin America, with assets and growth platforms in Colombia, Ecuador, Chile, Brazil and Argentina.

GeoPark is a company designed for the long term that year after year has exceeded its performance record in sales, production, and environmental and social performance indicators, regardless of the economic or political context and the volatility of the oil industry. Our portfolio consists of multiple projects in different regions, managed by local teams with extensive international experience.

Our main asset is people, and we have consciously and deliberately recruited and trained one of the best teams in the region to capably develop energy resources in line with high standards on the surface and underground.

We were founded on the belief that energy is fundamental to human and economic progress. Creating Value and Giving Back is our essence and our fundamental value, and we generate true, transcendental and lasting value with and for our employees, shareholders, partners, neighbors and all those who are part of our value chain.

Consolidated figures for all GeoPark unless noted otherwise.

S P E E D

Safety

Total Recordable Incident Rate*

Motor Vehicle Crash Rate*

Lost Time Incident Rate*

Zero

fatal incidents

hours worked

safety inspections

barrels of oil produced and transported without third-party incidents

emergency simulations addressing 100% of vulnerability scenarios

risk analyses

HS training sessions

* According to IOGP criteria.

Prosperity

2P reserves PRMS certified

average daily production

drilled (exploration and production)

new blocks in the Putumayo and Llanos basins in Colombia

revenue

operating costs per boe

adjusted EBITDA

royalties

income tax payments

in 2P reserves (2009-2020)

in oil and gas production (2009-2020)

oversubscription of a 2027 bond at a record rate for a B rated Latin American company

Employees

direct employees

of employees own shares in the company

of our management team are women

of our work team are women

of new hires are women

voluntary rotation rate in 2020

of employees took on new roles and responsibilities

of our work team received teaching and training (424 employees)

hours of professional training among all direct employees

of workers entitled to parental leave took it and returned to their jobs (42% men and 58% women)

Environment

Zero

environmental fines or sanctions

average intensity of Scope 1 and 2 greenhouse gas emissions. The 13.05 CO2e/boe index in 2019 only covered Colombia

ISO 14001:2015

Envorinmental Management System in Colombia recertified through 2023

of oil spilled per millon barrels produced. 35% lower than the 1.08 indicator in 2019

of water captured per boe produced in Colombia

Zero

direct discharges to surface water

reduction in water consumption

Community development

local hiring at December 2020 versus 57% in January 2020 in Colombia

of social investment focused on rural areas

beneficiaries of social programs

in goods and services acquisitions from local suppliers

neighbors of operations took part in 1.141 meetings

participants in 634 meetings to identify environmental and social impacts in Colombia and Ecuador

of request and complaints resolved by customer service system Cuéntame

Early Management and Due Diligence plans undertaken

socioenvironmental investment for sustainable development

indigenous ethnic groups were consulted about the development of our projects

Corporate Governance and Transparency

Independent chair of the board and a majority of independent directors*
*Effective June 2021

Audit, compensation, and nomination and corporate governance* committees with 100% independent members
*Effective July 2021

97%

of employees trained in ethics and compliance. Independent Ethics Hotline

1,800

due diligence evaluations on 100% of our suppliers

NYSE-listed since 2014. Sox-compliant

Part of Extractive Industries Transparency Initiative (EITI) in Colombia

Participation in Transparencia por Colombia’s survey of corporate management of corruption risks

Best ESG Metrics 2019/2020

Bloques

Operados por GeoPark

Llanos 34, Llanos 87, Llanos 104, Llanos 123, Llanos 124, VIM-3, Llanos 86, Andaquíes,* Coatí, Mecaya, Platanillo, PUT-8, PUT-9, PUT-12, PUT-14, PUT-30, PUT-36, Tacacho, Terecay.

*En proceso de renuncia y liquidación del contrato.

No operados por GeoPark

Llanos 32, Llanos 94, Abanico, CPO-5.

Reservas

141,0 mmboe reservas 2P

Producción

33.039 bopd en promedio.
1.133 mcfpd en promedio.
33.228 boepd producción promedio diaria.

En uno de los años más desafiantes en la historia de la industria, nuestra producción neta promedio en Colombia aumentó en 3%. Los gastos de capital disminuyeron 20% y los costos operativos por barril se mantuvieron estables con relación a 2019.

Completamos con éxito la adquisición e integración de Amerisur incorporando 12 bloques operados en la cuenca Putumayo y el bloque no operado CPO-5 en la cuenca Llanos, el OBA (oleoducto de exportación de crudo desde Colombia a Ecuador) y valiosas alianzas con ONGC y Oxy (ahora SierraCol Energy).

Bloques

Operados por GeoPark

Espejo

No operados por GeoPark

Perico

Bloques

Operados por GeoPark

Morona

El 15 de julio de 2020 anunciamos nuestra decisión irrevocable de retirarnos del bloque Morona.

Bloques

Operados por GeoPark

Fell, Isla Norte, Campanario, Flamenco.

Reservas

25,5 mmboe reservas 2P

Producción

395 bopd en promedio.
17.084 mcfpd en promedio.
3.242 boepd producción promedio diaria.

Nuestros activos chilenos nos dan acceso a 0,8 millones de acres de exploración y producción en cuatro bloques de la cuenca Magallanes, una región que ha estado en producción por más de 60 años y que creemos aún está subdesarrollada.

Bloques

Operados por GeoPark

Aguada Baguales, Puesto Touquet, El Porvenir.

No operados por GeoPark

Puelen, Sierra del Nevado, CN-V, Los Parlamentos.

Reservas

5,5 mmboe reservas 2P

Producción

1.364 bopd en promedio.
5.556 mcfpd en promedio.
2.290 boepd producción promedio diaria.

Bloques

Operados por GeoPark

REC-T-128*, POT-T-785, REC-T-58, REC-T-67, REC-T-77, POT-T-834.

*En 2020 iniciamos proceso de cesión en el bloque no productor REC-T-128.

No operados por GeoPark

Manatí** (BCAM 40 – Manatí en concesión a Petrobras y en proceso de venta).

**En 2020 anunciamos un acuerdo para vender nuestra participación en Manatí, transacción sujeta a aprobaciones regulatorias.

Reservas

2,6 mmboe reservas 2P

Producción

62 bopd en promedio.
8.220 mcfpd en promedio.
1.432 boepd producción promedio diaria.

We were the first hydrocarbons company in the world to be awarded the Bureau Veritas Safeguard Seal for our management of Covid-19.

48,143 boepd was our all-time production record. We reached it on February 2, 2020.

We signed a contract with PEL (Petroeléctrica de los Llanos) to connect the Llanos 34 block to Colombia’s national power grid. This will diversify energy sources in the block, increase the reliability of power supply and significantly reduce our CO2 emissions.

We drilled 22 wells (development and exploration).

We lowered the costs of drilling two-phase wells: from $3.6 million/well in 2019 to $3.4 million/well in 2020.

We connected the Tigana field in Llanos 34 to the Oleoducto del Casanare pipeline (ODCA) in Colombia, reducing truck journeys and associated operating risks, and we continued to reduce our CO₂ emissions.

We advanced in contracting a photovoltaic solar project that will be installed in Llanos 34. This will diversify energy sources and further reduce greenhouse gas emissions.

We successfully placed a bond maturing in 2027 whose issue was over six times oversubscribed and which obtained the lowest interest rate for a Latin American company with a B credit rating.

0.7 barrels of oil spilled per million barrels produced: 35% less than the figure of 1.08 in 2019.

We continue to have good credit ratings from Fitch and Standard & Poor’s for our financial obligations due in 2024 and 2027.

We successfully integrated Amerisur, through which we acquired the attractive CPO-5 block in the Llanos basin and entered the Putumayo basin, in an accident-free process with no production losses.

We opened our Cuéntame community service office in Puerto Asis in Putumayo department, through which we addressed the concerns of 282 people.

For 8 consecutive years we have reached 90% effectiveness in closing and resolving complaints and requests presented by our stakeholders in Colombian operations.

Revenue operating income

Thousand $

Adjusted EBITDA

Thousand $

Average daily production

(mboepd)

2P Reserves*

(mboepd)

*Reserves calculated according to PRMS criteria

Blocks

**Includes working or economic interest and includes the Morena Block in Peru, which is in the process of being divested.

***Blocks that are not subject to approval or confirmation by relevant authorities.

Countries with operations

(mboepd)

Permanent employees

Home

Our Company

We are GeoPark

SPEED = ESG+ 2020

Safety

Prosperity

Employees

Environment

Community development

Corporate Governance and Transparency

Our asset platform

Highlights 2020

Our performance

Revenue operating income

Adjusted EBITDA

Average daily production

2P Reserves*

Blocks

Countries with operations

Permanent employees