The Spanish Petroleum Company SAU – Cepsa will contribute with a Social Fund exclusively destined for the population in the area of influence of Lot 131, which has operated in a mixed manner since 2008 between the regions of Ucayali and Huánuco.
The day before, the Ministry of Energy and Mines (Minem) authorized Perupetro to modify the exploitation and exploration contract of the aforementioned deposit, in order to incorporate the twenty-third clause, referring to “Anti-corruption”, and the twenty-fourth clause, for the “Social Development Fund”.
This Fund, agreed in 2021 with representatives of the town of Macuya, Tournavista district, Puerto Inca province, Huánuco region, is part of a set of 5 proposals designed with Perupetro and Minem to allow the development of the region and the continuity of operations of Lot 131.
After the publication of supreme decree 021-2023-EM, prior agreement with the population and the endorsement of the ministries of Energy and Mines and Economy and Finance, You must proceed with the constitution of the trust and the creation of a board of fund administrators.
The initial agreement between Cepsa and the population in the area of influence of Macuya includes a monthly contribution calculated on the basis of a percentage of the audited production of barrels in Lot 131. The current production is 1,200 barrels per day (bpd), on average.
However, the Spanish company announced last September its intention to sell the 70% stake it maintains in the operation, as part of a strategy to transform its businesses in Peru and Colombia to focus on sustainable fuels.
Source: Larepublica
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