After learning that Petroperú obtained the qualification of ‘economic subject’ to assume 100% of the participation in the exploitation contracts of blocks I, VI and Z-69 —formerly Z-2B— of Talara, the Minister of Economy and Finance , Alex Contrerasrecognized the importance of the state company in these operations.
When asked by La República about an alleged “hand-deliver” of deposits with contracts to expire this year —an argument supported by the National Mining, Oil and Energy Society (SNMPE)—, Contreras Miranda pointed out that Petroperú can participate in lots, depending on their magnitude, in terms of investment.
“The decision to exploit some lots it has to go in line with its restructuring. Petroperu You can participate in some lots that do not require too much investment, and in others, definitely not,” the official stated, referring to the difference between exploration and exploitation lots.
It will no longer require more resources
Contreras announced that the New Talara Refinery (NRT) “should be green” in September, thus reducing the probability of injecting more resources into Petroperú.
Petroperú enters the era of state-of-the-art refining, just like the most important refining complexes in the world. Photo: Petroperu
However, he recalled that Petroperú “provides fuel to areas where private companies do not reach” and, therefore, any additional support of resources will be conditioned to said situation.
Returning to the restructuring of the first State company, the minister specified that they will be in constant dialogue with the Petroperú board of directors to comply with their guidelines “without affecting their accounts.”
It is worth noting that the restructuring plan was presented last July to the General Shareholders’ Meeting (JGA) —made up of the MEF and Minem— and was entrusted to the consulting firm Arthur D Little LLC. Its main axes are to strengthen governance, ensure the financial sustainability and the operations of the company.
What is missing now?
Petroperú is waiting to negotiate with Perupetro the terms and conditions of the three exploitation contracts (each for 30 years).
In accordance with Carlos Vivesformer president of the institution, the nuclear thing to be negotiated is the minimum work program and the royalties to be paid.
“In my opinion, there should be no major obstacles in the way, even more so when there is political support,” he clarified for this outlet, referring to the go-ahead given by President Dina Boluarte to revert the deposits to Petroperú.
The supreme decrees authorizing the arrival of the state company are expected to be promulgated in the coming weeks.
Data
Calendar. Block I is operated by Petroperú through a temporary contract that ends on October 21. That same date concludes the contract for Block VI (Sapet), while in Block Z-69 the link with Savia ends on November 15.
Reality. For 30 years, the production of the Talara lots has been purchased by Petroperú at international prices.
Source: Larepublica
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