Overview
- GeoPark began drilling at the Loma Jarillosa Este block in Vaca Muerta, marking its operational entry into Argentina’s main shale field.
- The company budgeted $80–100 million in 2026 for development of the block to drive the first phase of growth.
- Management aims to raise Argentina output from about 1,500 barrels a day to 5,000–6,000 by late 2026, with a stated goal of 20,000 by the end of 2028.
- GeoPark opened a Neuquén office with about 30 employees and signed 40 agreements with more than 30 contractors to build a local supply base.
- Company leaders cited support from Neuquén’s provincial government as key to keeping an aggressive schedule in a basin where infrastructure and logistics shape results.