GeoPark Limited has renewed its offtake and prepayment agreement with Vitol, extending their collaboration in Colombia’s Llanos basin. Under the new terms, GeoPark will have access to a prepayment facility of up to $500 million, with $330 million committed and an additional $170 million available as an option through prepaid future oil sales. The facility, which does not require mandatory drawdown and can be repaid via future oil deliveries or prepaid without penalty, features an interest rate based on the one-month SOFR plus a 3.50% margin—about 7.15-7.25% currently, reflecting a reduction from the previous agreement. The renewed agreement covers GeoPark’s crude oil production from the Llanos 34, Llanos 123, and CPO-5 blocks, with deliveries beginning in 2026 and the contract running through December 2028. This financing is intended to enhance GeoPark’s financial flexibility and support its strategic plans through 2028.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Geopark Limited published the original content used to generate this news brief via Business Wire (Ref. ID: 20260127753033) on January 28, 2026, and is solely responsible for the information contained therein.