{"id":4372,"date":"2023-03-30T13:48:43","date_gmt":"2023-03-30T18:48:43","guid":{"rendered":"https:\/\/geo-park.com\/sustainability\/2022\/?page_id=4372"},"modified":"2023-06-16T19:22:34","modified_gmt":"2023-06-17T00:22:34","slug":"our-value-generation","status":"publish","type":"page","link":"https:\/\/geo-park.com\/sustainability\/2022\/en\/our-value-generation\/","title":{"rendered":"Our value generation"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"4372\" class=\"elementor elementor-4372\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8c927e7 hero hero-subpage e-flex e-con-boxed e-con e-parent\" data-id=\"8c927e7\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-dd02a9b elementor-widget elementor-widget-heading\" data-id=\"dd02a9b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Our value \n<b>generation<\/b><\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-113d8b8 elementor-widget elementor-widget-button\" data-id=\"113d8b8\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/geo-park.com\/sustainability\/2022\/wp-content\/uploads\/GeoPark-SPEED-ESG-Report-2022.pdf#page=31\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Access to the full chapter<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-9b98291 e-flex e-con-boxed e-con e-parent\" data-id=\"9b98291\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a8a7c8d elementor-widget elementor-widget-global elementor-global-1607 elementor-widget-shortcode\" data-id=\"a8a7c8d\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\"><nav aria-label=\"breadcrumb\" class=\"breadcrumb\"><ol><li><a href=\"https:\/\/geo-park.com\/sustainability\/2022\/\">Inicio<\/a><\/li><\/ol><\/nav><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-16336ac e-flex e-con-boxed e-con e-parent\" data-id=\"16336ac\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1bc46ff lede elementor-widget elementor-widget-text-editor\" data-id=\"1bc46ff\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>We leverage growth in Latin America by entering into contracts with the governments of the countries where we operate and engaging with strategic partners in the sector to achieve our exploration and production targets. Access to debt and capital markets, together with the consolidation of a highly experienced technical team, has allowed us to sustain a successful track record of oil and gas discoveries and production. We have a risk-balanced asset portfolio, with assets that generate cash flow and have the potential to grow both production and reserves.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-907c170 e-flex e-con-boxed e-con e-parent\" data-id=\"907c170\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-c28ef1c e-con-full e-flex e-con e-parent\" data-id=\"c28ef1c\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div id=\"economic-performance\" class=\"elementor-element elementor-element-a99037e title-separator-button elementor-widget elementor-widget-heading\" data-id=\"a99037e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">economic \n<b>performance<\/b><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-add0cba elementor-widget elementor-widget-text-editor\" data-id=\"add0cba\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>We continuously evaluate alternatives to improve our capital structure, increasing our cash balance or equivalent and reducing or refinancing debt. These alternatives include initiatives such as asset sales and public or private financing through debt or equity issuance.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0a73c24 elementor-widget elementor-widget-button\" data-id=\"0a73c24\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/geo-park.com\/sustainability\/2022\/wp-content\/uploads\/GeoPark-SPEED-ESG-Report-2022.pdf#page=32\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Learn More<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2fc093e e-con-full e-flex e-con e-parent\" data-id=\"2fc093e\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d9df53d e-flex e-con-boxed e-con e-parent\" data-id=\"d9df53d\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-7b37282 e-con-full e-flex e-con e-parent\" data-id=\"7b37282\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div id=\"financial-and-operational-management\" class=\"elementor-element elementor-element-902bbf5 title-separator-button elementor-widget elementor-widget-heading\" data-id=\"902bbf5\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Financial and \n<b>operational management<\/b><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-001fb06 elementor-widget elementor-widget-text-editor\" data-id=\"001fb06\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Our portfolio in 2022 has exploration and production assets covering over 2 million hectares in Colombia, Ecuador, Chile, Brazil and Argentina. We have a well-balanced asset portfolio that includes operating and\/or economic interests in 38 hydrocarbon blocks, 37 of which are onshore and 9 are in production as of December 31, 2022.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c7a04d9 elementor-widget elementor-widget-button\" data-id=\"c7a04d9\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/geo-park.com\/sustainability\/2022\/wp-content\/uploads\/GeoPark-SPEED-ESG-Report-2022.pdf#page=32\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Learn More<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-15fe1e5 e-con-full e-flex e-con e-parent\" data-id=\"15fe1e5\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a0386d7 e-flex e-con-boxed e-con e-parent\" data-id=\"a0386d7\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-de1d08a e-con-full e-flex e-con e-parent\" data-id=\"de1d08a\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div id=\"new-business-development\" class=\"elementor-element elementor-element-fe33b46 title-separator-button elementor-widget elementor-widget-heading\" data-id=\"fe33b46\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">New business \n<b>development<\/b><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c8952b6 elementor-widget elementor-widget-text-editor\" data-id=\"c8952b6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>For us, the management of new businesses is the identification, analysis, evaluation and development of inorganic growth opportunities that allow the incorporation of new oil and gas blocks and fields into our portfolio and contribute to the creation of value for our shareholders and other stakeholders. We have prioritized this as a material topic because of its potential to positively impact our internal and external stakeholders and because its management requires the adoption of the highest social, environmental and corporate governance standards.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f8934ef elementor-widget elementor-widget-button\" data-id=\"f8934ef\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/geo-park.com\/sustainability\/2022\/wp-content\/uploads\/GeoPark-SPEED-ESG-Report-2022.pdf#page=37\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Learn More<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7c648cb e-con-full e-flex e-con e-parent\" data-id=\"7c648cb\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7167962 e-flex e-con-boxed e-con e-parent\" data-id=\"7167962\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-f020438 e-con-full e-flex e-con e-parent\" data-id=\"f020438\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div id=\"operational-excellence-and-innovation\" class=\"elementor-element elementor-element-7be8fdf title-separator-button elementor-widget elementor-widget-heading\" data-id=\"7be8fdf\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">operational \n<b>excellence and innovation<\/b><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bc90ec6 elementor-widget elementor-widget-text-editor\" data-id=\"bc90ec6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>We understand Operational Excellence as the development of our operations in strict compliance with health, safety, environment and efficiency standards, responding to the needs of our customers, promoting continuous procedural improvement, respecting the environment and being a good neighbor. Within the framework of our SPEED Integrated Value System, this material topic is part of the pillars of Safety, Prosperity, Employees and Environment, and provides the guidelines to deliver on our promise to stakeholders of creating value.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8fc2929 elementor-widget elementor-widget-button\" data-id=\"8fc2929\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/geo-park.com\/sustainability\/2022\/wp-content\/uploads\/GeoPark-SPEED-ESG-Report-2022.pdf#page=38\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Learn More<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-be8ddf1 e-con-full e-flex e-con e-parent\" data-id=\"be8ddf1\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c9f6608 e-flex e-con-boxed e-con e-parent\" data-id=\"c9f6608\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-42bb6cc e-con-full e-flex e-con e-parent\" data-id=\"42bb6cc\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div id=\"responsible-supply-chain-management\" class=\"elementor-element elementor-element-9fbe562 title-separator-button elementor-widget elementor-widget-heading\" data-id=\"9fbe562\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">responsible <b>supply chain management<\/b><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-420ae13 elementor-widget elementor-widget-text-editor\" data-id=\"420ae13\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Aware of the challenges facing the oil industry, we seek to leave a legacy of prosperity in neighboring communities through a sustainable development model that respects local and regional dynamics. It is part of our essence to work closely with communities, suppliers and neighbors, seeking to consolidate sustainable business management in the places where we operate, impacting positively on people\u2019s lives.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d21d981 elementor-widget elementor-widget-button\" data-id=\"d21d981\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/geo-park.com\/sustainability\/2022\/wp-content\/uploads\/GeoPark-SPEED-ESG-Report-2022.pdf#page=41\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Learn More<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-0aa5b13 e-con-full e-flex e-con e-parent\" data-id=\"0aa5b13\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Our value generation Access to the full chapter We leverage growth in Latin America by entering into contracts with the governments of the countries where we operate and engaging with strategic partners in the sector to achieve our exploration and production targets. Access to debt and capital markets, together with the consolidation of a highly [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1228,"parent":0,"menu_order":5,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"class_list":["post-4372","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Our value generation - GeoPark<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/geo-park.com\/sustainability\/2022\/en\/our-value-generation\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Our value generation - GeoPark\" \/>\n<meta property=\"og:description\" content=\"Our value generation Access to the full chapter We leverage growth in Latin America by entering into contracts with the governments of the countries where we operate and engaging with strategic partners in the sector to achieve our exploration and production targets. 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