Petroperú started the review and evaluation of the suitability of the process of signing the contract – signed last August – for the Joint Investment in Block 192 with the company Altamesa Energy Canada Inc.
And it is that the state oil company warned that this agreement, signed by the previous administration, was made without having previously signed the License Agreement between Petroperú and Perupetro, as provided by Law 30357 and without having obtained the issuance of the final report of the process of prior consultation.
“It is only from the signing of the License contract and the obtaining of the aforementioned report that Petroperú, as the licensee, fully assumes the ownership of the hydrocarbons on the surface and the commitments to comply with the work programs and can validly assume contractual commitments with third parties, which has not happened in this case, “the company underlined through a statement.
To that extent, the evaluation carried out by the current administration of Petroperú is given in order to determine the reasons why, “contrary to the provisions of the fourth final complementary provision of Law 30130, the strategic partner’s call has been made in a stage prior to what the law allows ”.
Petroperú added that in addition, the payment of a success fee to an investment bank, selected by the previous administration, is pending, a process that is also under review.
It should be noted that Block 192 is the most important oil asset in Peru. It is located between the provinces of Datem del Marañón and Loreto, in the Loreto region. It has a surface area of 512,347 hectares, encompassing the basins of the Pastaza, Corrientes and Tigre rivers.
Average basic production is approximately 10,500 barrels / day. It has a total of 250 drilled wells, of which around 90 producing wells are considered active. In addition, the lot has the necessary infrastructure for the reinjection of 100% of the water produced in the different fields.
A total recoverable technical reserves of 127 million barrels (MMBO) is estimated as 1P proven reserves of medium, light and heavy crude, self-balanced at 18 ° API. The production of this batch will generate synergies with the New Talara Refinery, a work that is already in its final construction phase and its completion is expected at the end of next November.
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