Peru E&P force majeure count reaches 28

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Monday, October 21, 2013

Force majeure was in effect for 28 Peru exploration and production contracts in September.

The principal reason behind the suspensions was social aspects (10 contracts) followed by environmental instrument approval (8), drafting of the environmental instrument (5), other motives (3) and reference terms and citizen participation plan (2), according to state hydrocarbons promotion agency Perupetro.

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The contracts are held by BPZ Exploración & Producción (blocks XIX, XXII), Cepsa (130), Compañía Consultora de Petróleo (100, 160), Gold Oil (Z-34), Gran Tierra (123, 129) and Grupo Petrolero Suramericano (156).

And KEI (144), Pan Andean Resources - now Petrominerales (161), Olympic (145, XIII), Pacific Stratus Energy (137), Pluspetrol (88, 115), Repsol Exploración (109), Savia (XXVI, Z-6, Z-33, Z-35, Z-36, Z-45, Z-51, Z-52), Siboil (105), Talisman (103) and Tecpetrol (174).

Perupetro highlights that last month an EIS was approved for block 114 and three environmental management plans (PMA) were approved for blocks 57, 107 and XXV. While 10 EISs, two semi-detailed EISs and nine PMAs were in the approval process.

OFFSHORE ROUND

The agency also reported it received no consultation or clarification requests during a second call for such requests that ran from July 19 to October 4 as part of the offshore round. Offers for the nine blocks are due November 18.