GeoPark, on 17 December 2019, said that it, in partnership with Hocol, was awarded the LLA-123 Block from the Agencia Nacional de Hidrocarburos (ANH) Phase II of the Permanent Process of Assignment of Areas, or PPAA in Colombia. The new contract means that partners in the JV are beefing up their Llanos Basin portfolio. Hocol is a wholly owned subsidiary of state-run Ecopetrol. The LLA-123 Block is located adjacent to GeoPark's LLA-34 Block. That's where GeoPark recently drilled and placed on production the Guaco-1 NFW well. Drilled earlier this year, the well produced 22,000 bo/d over a 30-day period. GeoPark operates the LLA-34 Block with 45% interest under its GeoPark Colombia SAS subsidiary, while Parex Resources holds 55% WI under its subsidiaries Parex Resources Colombia Ltda (45%). Verano Energy Barbados Ltd retains 10%. As for LLA-123, GeoPark will be the operator with a 50% WI and Hocol will hold the remainder. 
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