GeoPark, Repsol Agree to End Previously Inked Deal After Rights Exercised

Dow Jones

2025/01/15

By Denny Jacob

GeoPark and Repsol mutually agreed to end a previously agreed upon sale between the two companies.

Repsol in November signed a deal to sell upstream assets in Colombia to Latin American oil-and-gas explorer GeoPark for $530 million. The transaction included 100% of Repsol Colombia Oil & Gas and a 25% stake in SierraCol Energy Arauca.

GeoPark said Repsol's partner in SierraCol Energy exercised its preemptive rights to acquire 25% of Repsol's interest in SierraCol Energy Arauca, leading to the mutual agreement on Tuesday.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

January 14, 2025 16:54 ET (21:54 GMT)

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