GeoPark noted that the acquisition is aligned with its growth strategy, by "securing value accretive access to big competitively advantaged assets, in big plays, and big proven basins to build and deliver a highly profitable, dependable, and sustainable oil and gas portfolio across Latin America". The Repsol portfolio in Colombia would provide immediate and long-term production, reserves, and cashflow, with low capital investment intensity, significant low-risk growth potential and exploration upside, GeoPark further stated. The acquisition strategically complements its recent entry into the Vaca Muerta play in Argentina, "enabling robust asset, play and country risk diversification well into the next decade," it said.