GeoPark Limited (NYSE:GPRK) signed a sale and purchase agreement to acquire Repsol Colombia O&G Limited from Repsol E&P, S.à r.l. for $530 million on November 29, 2024. The total consideration for the acquisition is around $530 million, which will be financed using a mix of cash and debt. This includes a non-recourse amortizing debt facility of up to $345 million, organized and led by Macquarie Bank Limited.

In a related transaction GeoPark Limited (NYSE:GPRK) signed a sale and purchase agreement to acquire Repsols 25% interest in SierraCol Energy Arauca LLC in Arauca Department. The transaction is subject to the fulfillment of certain conditions precedent and customary regulatory approvals, including the waiver or non-execution of the preemptive rights by Repsol's current partners.