GeoPark to Invest $7B to Boost Bare Production to 90k bpd

GeoPark announced a $7 billion investment to reactivate up to 1,100 wells and drill 80 new ones in the Bare field, targeting production of 90,000 barrels per day starting December. This marks a significant expansion in a mature field, likely boosting Colombia's oil output. The investment signals confidence in the asset's potential, though execution risks remain.