Petroperú will have a 40% stake in the Lot X of Talara, in a 30-year contract that it will share with a private company. This will mean an injection of more than US$397 million for the state company in the next 10 years, sources in the sector revealed to La República.
This will be reconfirmed today by Perupetro when it announces the call process for the aforementioned oil lot.
The options
Last Thursday, February 22, the Minister of Energy and Mines, Romulo Muchoreceived in his office the president of Perupetro, Isabel Tafur, along with the general manager of the agency, Carlos Pantigoso, and the technical and Information Resources manager, Asaid Bandach.
Sources close to the entity reported that Perupetro submitted three proposals for the operation of Lot, the largest in the northwest (70% of production in the basin) and whose contract expires on May 19. Previously, the board met up to four times to decide on an option.
The proposals basically included giving 100% of the lot to Petroperú, 100% to a private company, or a competition factor that would grant some type of participation to the state company in the new contracts. The latter was the one recommended by Perupetro, and the minister agreed. “We have already authorized the mix tender for Lot X,” Mucho commented yesterday on a local radio station.
In this way, Petroperú, after having been stripped of the Lot During the privatization of the 90s, it will have a 40% participation in the production of this lot until 2054, while the remaining 60% will be competed through an international tender, which will be announced this afternoon.
To choose this scenario, The Peruvian Government considered that Petroperú would not obtain the necessary flows to operate fully Lot X in May, so there was a risk of “decline”. The workover (well recovery) and exploration work for the next 30 years will be known in the bases. That will be the competition factor.
Better winds for Petroperú
Perupetro’s decision of a mixed participation between private and state for the operation of Lot .
For the expert, the best option will always be to promote competition, but also the participation of a state company as long as it is governed by competition rules. “Petroperu “It needs partners for working capital,” Gamio highlighted.
Sources close to the process assured this medium that over a 10-year scenario, and with an average price of US$75 per barrel, Petroperú will receive US$397 million 440,000 from Lot the new Talara refinery.
Perupetro would have the new contract ready before the deadline, since no more than 45 days were taken for its two predecessor lots in the northwest.
New debt for US$1.3 billion approved
The Dina Boluarte administration formalized a short-term debt operation with a state guarantee for US$1.5 billion in favor of Petroperú via the National bankto maintain inventory levels that guarantee the continuity of fuel supply and the development of its economic activities at the national level.
Also Fonafe was empowered to participate in the selection process of the new directors of the first State company, who would enter on January 1, 2025.
It was learned that in the last three months only Petroperú and CNPC presented letters of interest for Lot X. The latter obtains income of US$276,000 each day, at a rate of 30% net margin of the daily production of 9,200 barrels.
Source: Larepublica
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