M&A Deal Summary

LG Acquires GeoPark - Colombia and Chile Oil and Gas Assets

On November 27, 2018, LG acquired oil/gas exploration company GeoPark - Colombia and Chile Oil and Gas Assets from GeoPark for 81M USD

Acquisition Highlights
  • This is LG’s 1st transaction in the Oil/Gas Exploration sector.
  • This is LG’s largest (disclosed) transaction.
  • This is LG’s 1st transaction in Chile.

M&A Deal Summary
Date 2018-11-27
Target GeoPark - Colombia and Chile Oil and Gas Assets
Sector Oil/Gas Exploration
Buyer(s) LG
Sellers(s) GeoPark
Deal Type Divestiture
Deal Value 81M USD

Target

GeoPark - Colombia and Chile Oil and Gas Assets

Santiago, Chile
GeoPark Ltd. - Colombia and Chile Oil and Gas Assets consist of multiple hydrocarbon blocks and associated oil and gas production and reserves, including the Llanos 34 block (GeoPark operated, 45% WI) in Colombia. This acquisition will also help streamline financial, tax, organizational, and cost structures.

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Buyer(S) 1

Buyer

LG

Seoul, South Korea

website

Category Company
Founded 1958
Sector Electronics
Employees33,730
Revenue 74,721.6B KRW (2021)
DESCRIPTION
LG office in San Jose, California.
LG office in San Jose, California.

LG is a south korean holding company. Its principal activities include the manufacture of electronics and chemicals. LG was founded in 1958 and is based in Seoul, South Korea.

DEAL STATS #
Overall 3 of 4
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 2 of 2
Country (Chile) 1 of 1
Year (2018) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-26 ZKW Group

Wieselburg, Austria

ZKW Group GmbH is an automotive lighting and headlight systems provider. ZKW Group GmbH was established in 1938 and is based in Wieselburg, Austria.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-12 Bear Robotics

Redwood City, California, United States

Bear Robotics is a startup specializing in AI-driven autonomous service robots. Its Autonomous Mobile Robots (AMRs) for the food service and hospitality field are safe, reliable, and deployed in just a few hours. Bear Robotics is based in Redwood City, California.

Buy -

Seller(S) 1

SELLER

GeoPark

Bogotá, Colombia

website

Category Company
Founded 2002
Sector Oil/Gas Exploration
Employees463
Revenue 689M USD (2021)
DESCRIPTION

GeoPark Ltd. is an independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Peru, Argentina, Brazil, and Chile. GeoPark was founded in 2002 and is based in Santiago, Chile.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
Country (Chile) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-13 Espejo and Perico

Ecuador

The Espejo and Perico blocks are attractive, low-risk exploration blocks located in Sucumbíos Province in the north-eastern part of Ecuador, in the Oriente basin. The Espejo block covers an area of 15,650 acres (63 sq km) and the Perico block covers an area of 17,700 acres (72 sq km). Both blocks are covered with 3D seismic and are adjacent to multiple discoveries, producing fields and existing infrastructure.

Buy -
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