MADRID, Nov 29 (Reuters) - Spanish oil company Repsol

has agreed to sell oil and gas production assets in

Colombia to Geopark ( GPRK ) for $530 million, the two companies

said on Friday.

The assets include Repsol's oil extraction operation in

central Colombia and a 25% stake in SierraCol Energia Arauca,

the Spanish company said in a filing to the Madrid stock market

operator.

The two assets can produce 16,000 barrels of oil equivalent

per day, Geopark ( GPRK ) said in its statement.

Repsol said earlier this year that it planned to sell up to

4 billion euros ($4.23 billion) worth of assets to fund

investments in renewable energy.

($1 = 0.9449 euros)