The operation had the authorization of the Government, but the subscription of Petroperú was required to be able to specify the administration of the oil reserve.
After more than eight months, Petroperu authorized the “License Agreement for the Exploitation of Hydrocarbons in Block 192”, according to an important fact submitted by the company. In this way, the oil company confirms that the legal agreement will be signed, which, according to sources from La República, will be this Tuesday, February 28. This contract will allow the exploitation of this lot, which has a daily production capacity of 13,000 barrels of oil and is considered one of the largest in the country.
It should be noted that, although it had the authorization of the Ministry of Energy and Mines (Minem) for exploitation (Supreme Decree No. 009-2022-EM), the subscription of Petroperu to start the activities.
“With Board Agreement No. 030-2023-PP, dated February 27, 2023, it was agreed to authorize the General Management to sign the “License Contract for the Exploitation of Hydrocarbons in Block 192″, approved by Decree Supreme Court No. 009-2022-EM, published on July 25, 2022; as well as signing any other document or public or private instrument that is necessary for its legal perfection”, can be read in the letter sent by the company.
Source: Larepublica

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