Altamesa could be disqualified this week to operate Block 192 together with Petroperú

Altamesa could be disqualified this week to operate Block 192 together with Petroperú

Altamesa Energy Canada SAC, a company that seeks to associate with Petroperú to operate Block 192, only has until this week to present the clarification of its financial solvency report. Otherwise, your qualification could be declared inadmissible.

Perupetro’s general manager, Carlos Pantigoso, explained that Altamesa’s qualification is resolved based on the work program in exLot 1-AB. For example, if $300 million is required for the program, “the company should have the capital right now.”

“However, up to now Altamesa has not presented any financial solvency report that guarantees that. We are waiting for the corresponding documentation that ensures that it has the money at this time to take over the activities [de explotación de crudo]”Pantigoso said in dialogue with La República.

Perupetro will meet with representatives of the company and Petroperú on the afternoon of Tuesday 20 to clarify the scenario. The regulation grants 30 days for the presentation of the solvency information and an additional 15 days for the complementary one. From there, it depends on the agency run by Isabel Tafur whether or not to declare the viability of the association.

“According to the deadlines stipulated in the regulation, if this week they do not present the documentation that clarifies things, Perupetro can declare Altamesa inadmissible,” the official sent.

Block 192 is located in the district of Andoas, province of Datem del Marañón, districts of Tigre and Trompeteros, in the Loreto region. Its reactivation is expected with at least 10,000 barrels per day (bpd) of oil in a first stage.

Source: Larepublica

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