Servicom Chile SPA signed an agreement to acquire Non-Core Operations in Chile from GeoPark Limited (NYSE:GPRK) for $4 million in December, 2023. the transaction is subject to certain working capital adjustments at the closing date including its working interest in the Fell, Isla Norte, Flamenco and Campanario blocks. In 2023, GeoPark?s operations in Chile produced 1,720 boepd , Adjusted EBITDA from operations in Chile for the first nine months of 2023 is $3.6 million.

Closing of the transaction is expected to occur in first quarter of 2024.