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  5. GeoPark Acquires Espejo and Perico

M&A Deal Summary

GeoPark Acquires Espejo and Perico

On March 13, 2019, GeoPark acquired oil/gas exploration company Espejo and Perico

Acquisition Highlights
  • This is GeoPark’s 1st transaction in the Oil/Gas Exploration sector.
  • This is GeoPark’s 1st transaction in Ecuador.

M&A Deal Summary
Date 2019-03-13
Target Espejo and Perico
Sector Oil/Gas Exploration
Buyer(s) GeoPark
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

GeoPark

Bogotá, Colombia
Category Company
Founded 2002
Sector Oil/Gas Exploration
Employees476
Revenue 661M USD (2024)
DESCRIPTION

GeoPark 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 Bogotá, Colombia.

DEAL STATS #
Overall 1 of 2
Sector: Oil/Gas Exploration M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 2
Country: Ecuador M&A 1 of 1
Year: 2019 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-27 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.

Sell $81M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-15 Amerisur Resources

Cardiff, United Kingdom

Amerisur Resources Plc is a full-cycle independent oil exploration and production company. Amerisur Resources is based in Cardiff, United Kingdom.

Buy £242M
Mergr

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