GeoPark Ltd (ifrs-full:DisclosureOfInterestsInJointArrangementsExplanatory)

Note 31

Interests in Joint operations

The Group has interests in joint operations, which are engaged in the exploration of hydrocarbons in Chile, Colombia, Brazil and Argentina.

In Chile, GeoPark is the operator in all the blocks. In Colombia, GeoPark is the operator in Llanos 34 and Yamu/Carupana blocks. In Argentina, GeoPark is the operator in CN-V block.

The following amounts represent the Group’s share in the assets, liabilities and results of the joint operations which have been recognised in the Consolidated Statement of Financial Position and Statement of Income:

				PP&;E												Operating
Subsidiary /				E&;E		Other		Total		Total		NET ASSETS/				(loss)
Joint operation	Interest			Assets		Assets		Assets		Liabilities		(LIABILITIES)		Revenue		profit
2017
GeoPark Magallanes Ltda.
Tranquilo Block		50	%		-		55		55		(432)		(377)		-		(48)
GeoPark TdF S.A.
Flamenco Block		50	%		9,893		-		9,893		(1,223)		8,670		879		(1,422)
Campanario Block		50	%		17,347		-		17,347		(233)		17,114		-		(150)
Isla Norte Block		60	%		9,553		-		9,553		(60)		9,493		-		(161)
Colombia SAS
Yamu/Carupana Block		89.5	%		4,741		1		4,742		(2,993)		1,749		3,072		(2,721)
Llanos 34 Block		45	%		131,193		4,563		135,756		(5,847)		129,909		259,815		163,917
Llanos 32 Block		12.5	%		835		209		1,044		(492)		552		1,784		(319)
GeoPark Brazil Exploração y Produção de Petróleo e Gas Ltda.
Manati Field		10	%		44,167		19,126		63,293		(11,444)		51,849		34,238		12,731
POT-T-747		70	%		849		358		1,207		(1,091)		116		-		-
GeoPark Argentina Limited – Argentinean Branch
CN-V Block		50	%		6,819		347		7,166		(984)		6,182		70		(1,163)
Puelen Block		18	%		1,318		72		1,390		(232)		1,158		-		(546)
Sierra del Nevado Block		18	%		568		169		737		(837)		(100)		-		(474)

				PP&;E												Operating
Subsidiary /				E&;E		Other		Total		Total		NET ASSETS/				(loss)
Joint operation	Interest			Assets		Assets		Assets		Liabilities		(LIABILITIES)		Revenue		profit
2016
GeoPark Magallanes Ltda.
Tranquilo Block		50	%		-		55		55		(424)		(369)		-		(40)
GeoPark TdF S.A.
Flamenco Block		50	%		15,108		-		15,108		(93)		15,015		1,004		(1,988)
Campanario Block		50	%		29,718		-		29,718		(1)		29,717		-		(399)
Isla Norte Block		60	%		9,920		-		9,920		(1)		9,919		5		(438)
Colombia SAS
Yamu/Carupana Block		89.5	%		3,418		-		3,418		(2,289)		1,129		18		(307)
Llanos 34 Block		45	%		79,811		693		80,504		(3,943)		76,561		125,400		83,193
Llanos 32 Block		10	%		3,819		-		3,819		(211)		3,608		2,303		1,043
GeoPark Brazil Exploração y Produção de Petróleo e Gas Ltda.
Manati Field		10	%		54,166		15,791		69,957		(8,442)		61,515		29,719		20,945
2015
GeoPark Magallanes Ltda.
Tranquilo Block		50	%		-		45		45		(2)		43		-		(69)
GeoPark TdF S.A.
Flamenco Block		50	%		14,932		-		14,932		(53)		14,879		1,810		(51,411)
Campanario Block		50	%		27,570		-		27,570		(10)		27,560		13		(7,267)
Isla Norte Block		60	%		8,583		-		8,583		(16)		8,567		355		(5,661)
Colombia SAS
Llanos 17 Block		36.84	%		-		-		-		(93)		(93)		3		(6,325)
Yamu/Carupana Block		89.5	%		3,569		2,061		5,630		(2,235)		3,395		1,409		(16,552)
Llanos 34 Block		45	%		76,667		429		77,096		(3,295)		73,801		114,276		53,049
Llanos 32 Block		10	%		3,106		96		3,202		(213)		2,989		8,258		(1,343)
GeoPark Brazil Exploração y Produção de Petróleo e Gas Ltda.
Manati Field		10	%		50,801		12,930		63,731		(10,395)		53,336		32,388		20,354

Capital commitments are disclosed in Note 32 (b).

GeoPark Ltd | CIK:0001464591 |

ifrs-full:DisclosureOfInterestsInJointArrangementsExplanatory