Peruvian operators secure contract extensions

Monday, July 20, 2015

Peru's government extended hydrocarbon E&P contracts for acreage in the Talara and Lima-Pisco basins.

Talara onshore block II (7,707ha) belongs to Petrolera Monterrico, whose production license was extended by the maximum 30 years through a decree.

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Data from hydrocarbons licensing authority Perupetro reveals that oil and natural gas production last month at the block averaged 341b/d and 2,145Mf3/d (60,739m3/d).

In a separate decree, Savia was granted an additional three years to drill an exploration well on offshore block Z-33 (424,783ha).

The approvals follow last week's postponement of the call to operate Amazon block 192, amid lackluster production and field activity metrics.

In a latest development , the government appointed Luis Rafael Zoeger Núñez as new Perupetro head after the resignation of Luis Enrique Ortigas.

Also from Peru, the country's ombudsman's office released a document detailing environmental liabilities in the hydrocarbon and mining hydrocarbon sectors after issuing a resolution last week that calls on authorities to increase oversight.

BNamericas will host its 5th LatAm Power Generation Summit in Lima, Peru, on August 19-20 and its 9th South America Infrastructure & Energy Summit in Bogotá, Colombia, on September 9-10. Click here to download the agendas.