GeoPark reports Q3 oil, gas production up 15% to 22,070 boepd
GeoPark announced its operational update for the three-month period ended September 30, 2016. The company reported Q3 oil and gas production of 22,070 boepd, up 15%. Oil production was up 15% to 16,942 bopd while gas production was up 13% to 30.8 mmcfpd. Says Jacana 3, 4 and 5 wells drilled, tested and put on production with currently 7,200 bopd gross production, with Jacana 5 appraisal well extending the northwest limits of the field. Compared to 2Q2016, consolidated production was up 4% mainly explained by increasing production in Colombia and partially compensated by lower production both in Brazil and Chile. Production mix showed a slight increase in oil weight to 77% of total reported production in 3Q2016 explained by the successful drilling campaign in Llanos 34 Block in 3Q2016.