GeoPark Renews Vitol Offtake Agreement in Colombia, Expands Scope and Secures $500 Million Prepayment Facility

GeoPark Limited has renewed its offtake agreement with Vitol in Colombia, extending the term and expanding the scope of collaboration across the Llanos basin. The new agreement provides for GeoPark to sell and deliver 100% of its crude oil production from three blocks to Vitol, with deliveries beginning in January 2026 and remaining in force through December 31, 2028. The agreement also includes a prepayment facility of up to $500 million with a one-month SOFR risk-free rate plus a margin of 3.50% per annum. The renewed terms are expected to restore GeoPark's weighted-average netbacks to single-digit levels, comparable to 2020 benchmarks.