GeoPark plans USD 7.0 billion Bare investment: what it means for GeoPark stock

Published on 10/02/2026 at 05:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bare could reach 90,000 barrels per day by 2038 from 11,000. For GeoPark stock, the plan targets 75,000-85,000 barrels per day and USD 316.3 million cash.

GPRK, BMG383271050, Illustration mit AI erstellt.

GeoPark Limited (BMG383271050) is planning a USD 7.0 billion investment in Venezuela's Bare oilfield, Reuters reported on September 29, 2026. The project could raise crude output at Bare to 90,000 barrels per day by 2038 from 11,000, giving the company a much larger production ambition than its current Latin American portfolio.

Venezuela sets the scale

The Bare field contains 15.7 billion barrels of original oil in place, according to Reuters on September 29, 2026. GeoPark plans to start operations in the Orinoco Belt in December, with development structured around existing wells and infrastructure.

Reuters also reported that as many as 1,100 wells could be reactivated and that approximately 80 new horizontal wells could be drilled later. The scale matters because the project requires substantial capital before it can deliver the targeted barrels.

Production target reaches 85,000 barrels

GeoPark said the Bare project, together with higher production at Argentina's Vaca Muerta, could lift total output to 75,000-85,000 barrels of oil equivalent per day by 2030, Reuters reported on September 29, 2026. That target is a concrete comparison with the company's current production base and makes execution, financing and timing central to the investment case.

In its second-quarter 2026 results, GeoPark reported revenue of USD 143.3 million and cash of USD 316.3 million, while production stood at 27,271 barrels of oil equivalent per day, according to Investing.com. The comparison shows why the Venezuelan plan is financially material: the planned Bare output alone would exceed the reported company-wide quarterly production rate.

Ownership and financing remain central

GeoPark's proposed acquisition of Grupo Gilinski's 95 percent interest in the Bare holding company would be paid with newly issued common shares. The transaction is subject to conditions, and Grupo Gilinski is expected to hold approximately 56.3 percent of GeoPark after the share issuance, according to GeoPark in its September 16, 2026 release.

GeoPark's last available NYSE quote was USD 10.41 on October 1, 2026 at 4:00 p.m. ET. Its market capitalization was USD 675.6 million, and the 52-week range was USD 5.75-13.13 as of that quote.