PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 25.Feb.2025) — Banco Latinoamericano de Comercio Exterior, S.A. (Bladex) and Banco BTG Pactual S.A. – Cayman Branch closed a syndicated committed credit facility for GeoPark Colombia SAS, a subsidiary of Canada-based GeoPark Limited.
At year-end 2024, Bladex and BTG Pactual led the second syndicated committed credit facility for GeoPark for $100mn. In addition to Bladex and BTG Pactual, 4 other banks participated in this transaction, Bladex said 25 Feb. 2025 in an official statement.
The transaction strengthens the strategic partnership between the parties and highlights the financial structuring capabilities of both institutions, according to Bladex.
“This financing allows GeoPark to maintain its financial flexibility and face possible changes in the macroeconomic environment and in international oil prices with strength, maintaining its commitment to produce crucial energy in the safest, most reliable, economical, and responsible way,” GeoPark shareholder value & capital markets director Maria Catalina Escobar said in the statement.
For its part, GeoPark reported average production of 31,489 barrels of oil equivalent per day (boe/d) in the fourth-quarter 2024 (4Q:24) and average production of 33,937 boe/d in 2024. The company had proven developed reserves of 68.8 million barrels of oil equivalent (MMboe), which corresponds to a reserve life or reserves-to-production ratio of 5.4 years or 5.4 times.
“This new transaction clearly reflects our structuring and distribution capabilities, as well as our network of financial relationships in Latin America. GeoPark remains a key ally for Bladex, and we are proud to support its sustainable growth,” Bladex senior vice president and head of Mexico and South America Carlos de Alvear said in the statement.
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By Piero Stewart reporting from Panama City. © 2025 Energy Analytics Institute (EAI). All Rights Reserved.
