GeoPark sees 2030 net output at 75,000-85,000 boepd - GPRK News | RalliesGeoPark sees 2030 net output at 75,000-85,000 boepd
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GPRK• 2030 production and EBITDA outlook
- GeoPark forecast net production rising to 75,000-85,000 boepd by 2030 from about 28,000 boepd in 2025.
- EBITDA outlook targets about USD 1.2 billion by 2030 from about USD 280 million in 2025, assuming Brent at USD 75/bbl.
- Venezuela growth plan centers on the Orinoco Belt Bare Block under a 25-year Production Participation Contract with a 65% net working interest.
- Phase 1 plan expects gross output to increase to 56,000 bopd from 11,000 bopd during 2026-2030, with annual capex of USD 40-80 million in 2026-2028.
- Later spending rises to about USD 120-140 million per year in 2029-2030, supporting a ramp toward 90,000 bopd in 2031-2038.
