GeoPark’s outstanding environmental sustainability management wins ACP award

The outstanding environmental sustainability management of leading independent Latin American energy company GeoPark has been acknowledged at the Colombian Petroleum Association (ACP) Hechos de Sostenibilidad sustainability conference in Barranquilla. The conference highlighted how the oil, gas and energy industry contributes to sustainable development in Colombia and its regions.

GeoPark won first place among 60 projects in the Climate Change and Decarbonization Management and Implementation of Circularity Models categories, and was a finalist in the Partnerships for Sustainable Development category.

Strong progress in GeoPark’s Emissions Reduction Plan, through clean energy, energy efficiency and methane management initiatives, earned the Company its first place in the Climate Change and Decarbonization Management category.

Interconnecting the Llanos 34 Block to the national power grid, building a 9.9 MW photovoltaic solar plant and implementing energy efficiency processes helped GeoPark reduce its emissions intensity by 18% to 10.6 kg CO2e/boe in 2023.

First place in the Implementation of Circularity Models category was due to the results of GeoPark’s Circular Economy Strategic Plan, which promotes the efficient management of resource consumption, the maintenance of the value of products and materials, and the minimization of waste generation in operations.

Highlights of the Strategic Plan in 2023 included composting more than 125.9 metric tons of organic waste to use in restoration initiatives, treating 8,254 m³ of wastewater for reuse in operational processes, and using 183,207 thousand cubic feet of associated gas for power generation.

GeoPark celebrates these awards for reflecting its firm commitment to environmental sustainability throughout its operations, and thanks the Colombian Petroleum Association for highlighting the significant contributions of the oil and gas industry in supporting national prosperity through activities in the regions.

ABOUT GEOPARK

GeoPark is a leading Latin American oil and gas exploration and production company with assets in Colombia, Argentina, Ecuador and Brazil, and has been listed on the New York Stock Exchange since 2014. It is Colombia’s second largest oil producer with close to 8% of total national production. Since it was founded, GeoPark has had an Integrated Value System called SPEED, which summarizes the Company’s commitment in five critical areas: Safety, Prosperity, Employees, Environment and Community Development. SPEED has been GeoPark’s key to attracting the best talent, being the preferred partner, the best neighbor and developing a successful, safe and sustainable operation.

For more information: conexiones@geo-park.com