GeoPark Plans $7 Billion Investment to Boost Venezuelan Oil Production

Key Facts

1GeoPark plans to invest $7 billion in Venezuela's Bare oilfield to increase output to 90,000 bpd by 2038.

GeoPark plans to invest $7 billion in Venezuela's Bare oilfield to increase output to 90,000 bpd by 2038. Reuters reported that CEO Felipe Bayon announced the massive investment plan, which seeks to scale crude production from the current 11,000 bpd over the next 12 years.

The capital commitment aims to expand the company's production footprint by leveraging the large-scale potential of the Venezuelan oilfield. GPRK closed at $10.68 on September 28, 2026, having traded between a day high of $11.46 and a low of $10.63 during that session.