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Energy and Mines Commission wants to give 10 more years of contract to concessionaires of lots about to expire

This Friday, the Congressional Energy and Mines Commission will debate the prediction of bill 804/2021-CR, which aims to modify articles of the Organic Hydrocarbons Law (Law 26221) in order to extend exploitation contracts from 30 to 40 years.

It is worth emphasizing that from October 2023 to May 2028, there are 6 lot contracts to expire located in Talara. By virtue of the strengthening of Petroperú, expressed by President Pedro Castillo, these fields would return to the hands of the state company, however, this initiative promoted by congressmen from Acción Popular, intends to add 10 more years to the current licensees.

In this regard, the specialist Jorge Manco Zaconetti considers that PL 804/2021-CR represents a lobbyist setback, since it insists on the reprivatization of oil lots with a minimal participation of the state oil company for payment of royalties (from 25% to 5%).

The bill even states that exploitation contracts may be extended for successive terms of 20 years each time up to the limit of the contract area.

Perupetro denies its support for this project

According to the prediction, section 4.3 contains the opinion of Perupetro; however, sources from the state agency revealed to La República that it is not their opinion on it, but rather, directed at another legislative initiative.

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