Perupetro confirmed this morning that Petroperu It will only enter as an economic partner the Talara lots whose contracts are about to expire, beginning with the VI and Z-2B.
During the decentralized session of the Energy and Mines Commission, organized in Ucayali, the head of the state agency, Isabel Tafur, said that Petroperú it could not operate the lots yet “because it lacks some requirements that it will acquire over time.”
However, this new work scheme is not consistent with the original announcement by the government of President Dina Boluarte, in which it was assured that the state oil company would have a priority and 100% participation in the lots in the northwest.
“According to Law No. 30130, Petroperú is empowered to carry out investment activities and projects, as long as they do not generate firm or contingent liabilities for the company, and this activity [su ingreso como socio económico a Talara] would not be generating these liabilities,” he remarked.
In the same way, Tafur Marín specified that Perupetro will not seek to change the Organic Hydrocarbons Law (LOH) to facilitate the reversal of contracts in favor of the state oil company, although he acknowledged that it is still a “perfectible” model.
“Right now, there is no intention to change the rules for the entry of Petroperúwhich will reach the lots as an economic subject”, he stated before the working group.
Finally, he clarified that, in relation to the other lots that are about to expire between the years 2024-2028 (such as Lot X), it would be proceeding “in the same way, with a percentage of participation for Petroperú and the search for a partner that would be in charge of exploratory activities”.
Petroperú agrees to be the only partner in Talara
Isabel Tafur indicated that Petroperú’s temporary contract for Block I will be extended from October. Previously, it had announced that the tender for lots V and VII, whose contracts are also about to expire, would be presented this Thursday the 18th.
“We must emphasize that, in order to avoid a decline in production [en los lotes V y VII]the work programs for these lots include exploratory activities,” he said.
Different luck for lots VI and Z-2B, which had also been offered to Petroperú along with their peers I and X. In the first, operated by Sapet, the state company “will participate with a percentage during the first years.” That percentage will increase according to the economic evaluations that are carried out and the exploratory activities “will be assumed by a partner.”
“And in the case of Block Z-2B, now called Block Z-39, Petroperú will also participate with a percentage, taking into consideration that its assets [plataformas marinas] They are owned by Petroperu. It will necessarily participate here with a partner, who must undertake exploratory activities under risk,” the president of Perupetro sent.
Petroperu approves this model. The new Chairman of the Board, Pedro Chira, said that the oil company maintains some limitations that would prevent it today from entering lots that keep their “businesses going”, but that in some cases could require “investments for deep wells”. He acknowledged, however, that they are technically prepared to return to upstream activity with the engineers and professionals left by the previous operators.
“The modality that Perupetro is contemplating -since Petroperú does not operate directly, and according to the law we could not do so today- is that we are going to go with partners in these blocks so that they invest the money, especially in deep areas. The idea is to have larger reserves and continue to maintain or increase oil production,” Chira said.
Source: Larepublica
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