The state agency Perupetro, in accordance with the Regulations for the Qualification of Stakeholders to Carry Out Exploration and Exploitation or Hydrocarbon Exploitation Activities, informed Petroperu of its qualification to operate oil blocks I, VI and Z-69 (formerly Z-2B).
According to the document GGRL-PRCO-GFCN-01399-2023to which The Republic had access, this classification as “Economic Subject” is for it to assume obligations for 100% participation in future exploitation contracts for these lots.
It is worth noting that the joint production of these three oil blocks is almost 8,000 barrels per day (bpd), and represent 19% of national production.
To date, Block I is operated by Petroperú, through a temporary contract that ends on October 21, on the same date the contract for Block VI, operated by Sapet; while in Block Z-69 the contractual relationship of Sap on November 15.
It is important to specify that at this moment, and for almost 30 years, all the production of all the Talara lots is purchased by Petroperú at international priceto supply crude oil to the refinery located in this city.
Political will
For Aurelio Ochoa, former president of Perupetro, the behavior of this entity complies with the political will of the Government on duty. “You have to recognize when things are done well, and in this case it seems healthy to me and in the direction designed by the Executive Branch that it has gone to the penultimate phase,” he said.
And it is that this qualification, he explained, is the preamble for what would be the delivery of the concessionwhich will be accompanied by a supreme decree.
“All this, including the recent announcement of the Talara refinery, goes in the direction of the policy designed by the President of the Republic and followed by the sector. It is a government achievement that should be highlighted because they are good news for the country. The DS is the finishing touch”, Ochoa stressed.
What’s missing for the DS
Once Petroperú has been qualified, it is expedited to sit down and negotiate with Perupetro the terms and conditions of the three 30-year contracts, explains Carlos Vivesformer general manager of Perupetro.
In the opinion of the former president of Petroperú, the central thing that will be negotiated is the minimum work program and the royalties to be paid.
Vives details that once these and other aspects are agreed, both parties initialize the contract project, which will be submitted to the boards of both companies and when they eventually approve it, the approval round continues in the Ministry of Energy and Mines, and later in the Ministry of Economy and Finance (MEF). After raising some observation of these offices, the supreme decrees will be published, with the signature of the president Dina Boluartewhere the contracts will be approved and Perupetro will be authorized to sign them with Petroperú.
“In my opinion, there should be no further obstacles along the way, even more so when there is political support”, highlighted the expert.
The word
Carlos Vives, former president of Petroperú
“Giving the Talara oil wells, which is money that comes to the surface every day, to Petroperú, would help the company to get out of its cash problems in a short time.”
Close to having its own crude oil
Within the framework of the law and its powers, Perupetro qualified Petroperú to three oil lots. It is estimated that the DS will be published before October.
Lotas de Talara that will revert this year to Petroperú
Source: Larepublica
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