GeoPark's (GPRK) Offtake Pact With Vitol Expands Funding Access
GPRKGeoPark(GPRK) Zacks Investment Research·2024-05-13 21:55

GeoPark Limited (GPRK) , an independent oil and gas explorer, operator and consolidator in Latin America, has signed an offtake agreement with a leading energy and commodity company, Vitol. The offtake agreement outlines the sale and delivery of a minimum of 20,000 barrels of oil per day from Llanos 34 Block in Colombia to Vitol.The agreement is scheduled to begin on Jul 1, 2024, for a minimum of 20 months and up to 36 months. Management expects the agreement to increase its price realizations by 15 cents p ...