GeoPark reports Q4 average oil, gas production of 38,315 boepd

GeoPark announced its operational update for Q4. Reports quarterly average oil and gas production of 38,315 boepd, up 10% vs Q3, due to recent exploration successes and the resumption of shut-in production in the CPO-5 Block. Annual average oil and gas production was 36,563 boepd and 2023 exit production was 38,361 boepd. A total of 11 rigs were in operation in December and 48 gross wells were drilled in 2023 with a 75% success rate.