In the next few days, Perupetro will sign the license contract for Block 192 with the company Petroperú, according to the supreme decree published today. In this context, the agency estimates that the oil production of this operation will be 12,000 barrels per day in a first stage and that it could reach 25,000 with greater investments.
It should be noted that the decree on the signing of the contract does not authorize the intervention of any other company, so the choice of a possible partner by Petroperú for Lot 192 is an exclusive decision of the oil company, Perupetro said.
In addition, he added that any future assignment of Petroperú’s participation in favor of a third party must comply with the requirements set forth in current regulations and in the contract itself.
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It should be taken into account that Block 192, whose production has been paralyzed for 27 months, is one of the most important blocks for oil production in Peru.
The promulgation of this supreme decree will allow to reactivate oil production and generate important income, through the Canon, as well as the economic reactivation for the Loreto region and, mainly, for the communities located in said lot.
Social acceptance thanks to dialogue with communities
In September 2021, the Ministry of Energy and Mines, with the support of Perupetro, concluded the prior consultation process for Block 192. In this way, it managed to obtain 99 agreements with the communities located in the area of influence of the contract.
Thus, operations can be restarted within a framework of broad social acceptance, obtained in good faith and with high levels of intercultural dialogue, the agency highlighted. Among the most relevant agreements, the constitution of a social fund that will be administered by the communities of Block 192 stands out.
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