Petrolifera hits Peru permitting delay

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Thursday, March 30, 2017

The existence of isolated indigenous groups could be holding back approval of an EIS submitted by Petrolífera Petroleum del Perú for an exploratory campaign on block 133, according to a government report.

The inference is part of a technical opinion issued by the culture ministry included in a report by the energy and mines ministry's energy environmental affairs office (DGAAE) on the project.

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The DGAAE document contains 162 observations the Calgary-based company must respond to by April 27, or face the risk of having the permitting process abandoned.

The contract was one of 33 with suspended obligations due to force majeure in January.

[GRAFICO:FIGURA:ID_1169]

The work envisions US$54mn to acquire 1,232km 2D seismic and construction of three drill platforms. The estimated cost of one well is US$50mn and US$185mn for four wells in the same location.

Block 133 covers 309,309ha in central regions Huánuco, Ucayali and Pasco, and borders Petrolífera's other exploration block in Peru, 107, and block 195, which the government plans to offer to operators.

CREDIT: Perupetro

Also from Peru, the economy and finance ministry published a supreme decree that modifies the PPP law to increase investment through a specialized and more autonomous investment promotion agency ProInversión, and a more streamlined promotion process.

Hydrocarbon projects in ProInversión's portfolio include the expansion of piped natural gas and LPG supply for Lima and Callao.