GeoPark acquires Frontera Energy’s E&P assets in Colombia

The deal adds 99 million barrels of oil or equivalent in proven reserves and 147 million barres of probable reserves, with production of a potential 90,000 barrels per day and EBITDA of approximately $950 million by 2028.

The acquisition was valued at $375 million in cash, plus $25 million contingent upon the achievement of certain development milestones.

The deal excludes the seller’s infrastructure assets and other businesses.

GeoPark was advised on the transaction by law firm CMS Rodríguez-Azuero, with a team led by managing partner Álvaro Josué Yáñez, who is head of the firm’s energy and climate change practice, and also involved the firm’s corporate/M&A team, led by Juan Camilo Rodríguez and associate director Felipe Molano, and supported by a multidisciplinary team across the firm’s environmental, labor and pensions, banking and finance, compliance, dispute resolution, antitrust, competition and trade, and intellectual property practices.

“Advising GeoPark on this transaction reaffirms our team’s experience in complex energy sector transactions in Colombia. This was a high-impact operation for the country’s exploration and production market, requiring close coordination among specialized legal teams and a deep understanding of the local regulatory and operational framework,” said Álvaro Josué Yáñez, managing partner of CMS Rodríguez-Azuero and lead partner on the transaction.

CMS Rodríguez-Azuero was appointed as Colombian legal advisor for this transaction in late 2025. Its role included conducting the Colombian legal due diligence and advising on the local aspects of the negotiation and transactional documentation.

The transaction is subject to regulatory approvals and customary closing conditions.

CMS Rodríguez-Azuero is a leading law firm in Colombia, with more than 45 years of experience and a team of over 80 lawyers.