Peru hydrocarbons watch

By
Monday, October 17, 2016

Enagás Internacional and Carmen Corporation reached an agreement to jointly acquire International Power's 2.96% stake in Peru hydrocarbons transporter TGP for US$65mn.

Carmen is a subsidiary of Canada Pension Plan Investment Board (CPPIB) and International Power belongs to Engie.

Start your 15 day free trial now!

cta-arrow

Already a subscriber? Please, login

The transaction is subject to the possible right of first refusal by other shareholders, said Enagás, which added that "as a result of this acquisition, the shareholder structure of TGP will be: CPPIB Group 49.88%; Enagás Internacional 28.94 %; and Sipco Peru Pipelines Corporation 21.18 %."

ALSO READ Peru's TGP: Another expansion in the pipeline?, Adolfo Heeren, CEO

***

State oil company Petroperú reported an attack on its Norperuano oil pipeline near the community of 6 de Julio in Laguna district, Loreto region.

CREDIT: Petroperú

The incident is the second in less than a month for the embattled pipeline which authorities expect will come back online in four to five months.

ALSO READ Peru industry intensifies lobby amid oil, gas output dip

***

On the permitting front, Peru's environmental certification service for sustainable investments (Senace) said it received an EIS for a US$30mn development and production facilities project at block 131 planned by Cepsa.

And in a letter to the culture ministry's indigenous peoples rights department, the energy and mines ministry's energy environmental affairs department reiterated a request for a technical opinion regarding Petolifera Petroleum's EIS for a project to acquire 2D seismic and drill exploration and confirmation wells at block 133.

ALSO READ Peru upstream contract count falls to new low