Petroperú expects that the operation of lots I, VI and Z-69, whose combined production exceeds 7,000 barrels of oil per day (bpd), will generate an EBITDA of US$65.3 million in 2024.
The new board of directors of the state oil company, led by Carlos Linares Peñaloza, also estimated that in the current year the objective of more than 31,000 million cubic feet per day of gas and 1,000 barrels per day of natural gas liquids will be achieved.
However, he also reported that the temporary suspension of the new Talara Refinery (NRT) for 90 days “will have an impact on Petroperú’s initial EBITDA projections, which are estimated to amount to US$200 million by the end of 2024.”
From July 2022 to March 2024, the Petroperú refining complex has produced nearly 26 million barrels of fuels including gasoline, diesel and low-sulfur LPG, Turbo A-1 and others.
Since February 8, the NRT’s Flexicoking Unit – deep conversion – has had problems. Due to this, as of March 30, it temporarily suspended its operations to carry out inspection and repair work.
Petroperú: its assets will remain as a pledge
Through Board Agreement 031-2024 of April 1, the state oil company reported that 52 restructuring actions have been prioritized for this year, based on the recommendations established in the plan proposed by the Arthur D. Little consortium / Columbus MB Latam Inc.
Likewise, it was announced that the Board of Directors has approved, on the same date, additional provisions on austerity, discipline and quality standards in spending and personnel income for the current year.
On the other hand, the board of directors of Petroperú presented to the MEF the list of all assets and properties of the company, established as counter-guarantee to receive the economic support provided for in Emergency Decree No. 004-2024.
“The company has been developing actions for the gradual recovery of credit lines, mainly for the purchase of oil and petroleum products,” said Linares Peñaloza.
Source: Larepublica
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