GeoPark Inks New Offtake Agreement With Vitol For The Llanos 34 Block In Colombia
GeoPark Inks New Offtake Agreement With Vitol For The Llanos 34 Block In Colombia
As part of this transaction, GeoPark will obtain immediate access to committed funding from Vitol for up to $300 million, with an option to increase by another $200 million for a total of $500 million, in prepaid future oil sales over the period of the offtake contract. Funds committed by Vitol will be made available until June 30, 2025, subject to certain conditions. Amounts drawn on this prepayment facility can be repaid through future oil deliveries or prepaid at any time without penalty. The interest cost is based on a SOFR risk-free rate plus a margin of 3.75% per annum.
作为本次交易的一部分，GeoPark将立即获得Vitol的承诺资金，金额高达3亿美元，并可选择在承购合同期内再增加2亿美元，总额为5亿美元。Vitol承诺的资金将在2025年6月30日之前提供，但须遵守某些条件。通过这种预付款机制提取的款项可以通过未来的石油交付来偿还，也可以随时预付，无需支付罚款。利息成本基于SOFR无风险利率加上每年3.75％的利润率。