In order to put Block 192 into production and in accordance with Law No. 30357, Petroperu will continue with the incorporation process of Altamesa Energy Canada SAC as a strategic partner for the joint operation of the Hydrocarbons Exploitation License Contract in Block 192.
To this end, Petroperú authorized the execution of the Terms and Conditions Contract for the Joint Investment in Block 192 and Perupetro will be requested to initiate the qualification of Altamesa Energy Canada SAC, in order to achieve its incorporation as a strategic partner of the aforementioned block.
“It should be noted that this company was selected as part of a proposal evaluation process carried out by Petroperú in 2021, as reported at the time,” the oil company said in a statement.
On February 28, Petroperú and Perupetro signed the License Agreement for the Exploitation of Hydrocarbons -for a period of 30 years- of Block 192, considered the largest oil field in the country, with a total of 127 million recoverable technical reserves. barrels (MMBO), as proven reserves of medium, light and heavy crude oil.
Block 192 was granted to Petroperú by means of Law No. 30357, a rule that incorporated a Fourth Transitory Provision to Law No. 30130. The aforementioned rule authorizes aPerupetro to sign the hydrocarbon exploitation contract for Block 192 with Petroperú, after prior evaluation and through direct negotiation. Likewise, it authorizes Petroperú to convene, in accordance with the law, strategic partners and to carry out the necessary steps.
“In this sense, after having passed legal and regulatory evaluations, the Terms and Conditions Contract for the Joint Investment in Block 192 signed in August 2021, may continue its execution in order to reactivate oil activity in the Peruvian Amazon” , finished the state.
Lot 192: an oasis for Petroperú
He lot 192 It is located in the Andoas district, Datem del Marañón province, Tigre and Trompeteros districts, in the Loreto region and covers an area of 512,347 hectares, which includes what was Block 1AB and incorporates additional areas for exploration.
This field is the one with the highest accumulated production in the Marañón basin, with 737 million barrels of oil produced, and is one of the highest-producing lots in the Peruvian jungle.
Block 192: Petroperú Board of Directors authorizes to continue the process with Altamesa
Only between 2015 and 2020, it registered a controlled production of 8.3 million barrels of oil, generating an income for the State -from the sale of oil- for more than US$ 98 million.
Petroperú estimates restarting the production activities of this block in the first quarter of 2024, after completing the evaluation of its condition, as well as executing the corresponding rehabilitation of its infrastructure, after a long period of paralysis with wells closed and without production.
Source: Larepublica
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