Colombia's GeoPark to enter Venezuela in Gilinski-backed oil deal

GPRK•2026-09-03

GeoPark to acquire controlling stake in Venezuelan asset

Sept. 2 (Reuters) - Colombia's GeoPark GPRK.N said on Wednesday it would enter Venezuela through the acquisition of a controlling interest in the Bare Block, a heavy oil block in the Orinoco Oil Belt, in a deal that will make Grupo Gilinski its controlling shareholder.

GeoPark will acquire a 95% stake in the company, which holds the asset, valuing the stock consideration at $12.22 per share.

Colombia's GeoPark to enter Venezuela in Gilinski-backed oil deal

GeoPark to acquire controlling stake in Venezuelan asset

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