GeoPark Launches Vaca Muerta Drilling Campaign with $80-100M Investment in Argentina

March 22, 2026 Lucas Fernandez – World Editor World

GeoPark announced Sunday the commencement of drilling operations in the Loma Jarillosa Este block, located within Argentina’s Vaca Muerta shale formation in Neuquén province, marking a significant step in the company’s expansion plans within the region.

The company intends to invest between US$80 and US$100 million in the development of the block throughout 2026, with the goal of increasing its oil production in Argentina from approximately 1,500 barrels per day to between 5,000 and 6,000 barrels per day by the finish of the year, according to a company statement.

This initial phase of development involves collaboration with over 30 contracting companies specializing in various service sectors, formalized through 40 commercial agreements, designed to bolster the local and regional value chain. GeoPark anticipates a tenfold increase in production over the next three years, aiming to reach nearly 20,000 barrels per day by the end of 2028.

“Vaca Muerta is one of the most dynamic unconventional plays in the world and we are building a position here that will be central to GeoPark’s regional portfolio,” stated Ignacio Mazariegos, GeoPark Argentina’s Country Director. “This asset is redefining our scale as a Company, consolidating GeoPark as a relevant operator in Vaca Muerta by creating a profitable and sustainable long-term production platform. Every well we drill brings us closer to that goal.”

Beyond the drilling campaign, GeoPark has established a local office in Neuquén, currently employing a team of 30, with plans for continued growth alongside operational expansion. The company has also initiated corporate social responsibility efforts, contributing US$250,000 to the Gregorio Álvarez Scholarship program, emphasizing the importance of education for sustainable development in Neuquén province.

GeoPark highlighted the support received from provincial authorities as crucial to maintaining the project’s demanding operational schedule. The company, which has been listed on the New York Stock Exchange since 2014, has over 20 years of experience operating in Latin America and is a major player in Colombia’s energy sector. GeoPark’s operations are guided by its SPEED Integrated Value System, focusing on Safety, Prosperity, Employees, Environment, and Community Development.