Prosperity
Our commitment to Prosperity:
acting transparently, we create long-term economic value to give back to our shareholders, ensure our sustainable growth and generate value for our stakeholders.
Our Value Creation
We leverage our growth in Latin America by entering into contracts with the governments of the countries where we operate and through joint participation with strategic partners in the industry to achieve our exploration and production goals.
Our access to debt and equity markets and the consolidation of a highly experienced technical team have enabled us to build a successful track record of oil and gas discoveries and production. We keep a balanced asset portfolio in terms of risk, which combines projects that generate cash flow with growth potential in production and reserves.
Main Results
Operating and Financial Management
Our portfolio in 2021 includes exploration and production assets covering an area of over 6.7 million hectares in Colombia, Ecuador, Chile, Brazil and Argentina. We have a balanced asset portfolio that includes economic and exploration and production interests in 42 hydrocarbons blocks, of which 41 are onshore, including 10 in production at December 31, 2021.
New Business Development
One of our Company’s key objectives is to attain scale with value, through the acquisition and consolidation of strategic areas with a focus on Latin America. Our intention is to continue to selectively and patiently acquire new assets and companies that will contribute additional production, reserves and exploration prospects. In 2021, we mainly focused on maintaining an optimal portfolio, to which effect we selected certain assets at which the timing was right for divestment, and identified potential buyers, in order to allocate our resources to our best projects.
Our Asset Management
We Create Value and Contribute
The oil value chain includes a series of processes associated with oil exploration, production, transportation, refining or processing, and commercialization, which are divided into three main areas:
Exploration and production (E&P).
The last stage of the hydrocarbons production process.
GeoPark mainly carries out upstream activities, with some midstream.
