Block 192 is considered the largest oil reserve in Peru. The decision comes at a time when the New Talara Refinery ships its first batch of 200,000 barrels of self-produced diesel to all ports in the country.
Petroperú and Perupetro will sign the License Agreement for Block 192, considered the largest oil reserve in the country, this Tuesday, February 28.
According to sources from La República, the official act in which the oil company will receive the deposit located in Loreto -formerly known as Lot 1AB- will take place around noon in the courtyard of the Government Palace.
Petroperú already had the authorization of the Peruvian Government to exploit Block 192 -which has a daily production capacity of 13,000 barrels of oil-, since July 2022, but the signing of the contract was required.
This decision is part of a new scheme to strengthen the state oil company, which, in addition to receiving Block 192, would recover participation in the northern basin, in Talara, after which it would begin to operate 52% of the national crude.
Precisely, Petroperú has successfully started the process of gradual start-up of the New Talara Refinery (NRT), which this week will send, by ship, its first batch of 200,000 barrels of diesel from its own production. The light oil from the north is important for the use of the heavy oil from the jungle. Both will be mixed at the refinery complex.
It should be noted that the commissioning of Block 192 also depends on the total resumption of hydrocarbon transit from the Norperuano Pipeline (ONP), a critical national asset with a capacity to transport up to 30,000 barrels per day.
Lot 192: Petroperú and an expected contract
Block 192 is the most important oil asset in our country. Discovered in the 1970s, it is located between the provinces of Datem del Marañón and Loreto, in the Loreto region, on the Pastaza, Corrientes and Tigre river basins.
It has total recoverable technical reserves of 127 million barrels (MMBO), as proven reserves of medium, light and heavy crude. Currently, it has a total of 250 drilled wells, of which around 90 producing wells are considered active.
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
