Perupetro urges speeding up the approval of the decree for Petroperú to assume the operation of Block 192

Perupetro urged to accelerate the approval of the Supreme Decree that authorizes the signing of the contract between Perupetro and the company Petróleos del Perú (PetroPerú), for the operation of Block 192 (Loreto), paralyzed for 27 months. This has affected the country’s hydrocarbon production, as well as the generation of income, employment and economic development in the area of ​​influence.

Before the Commission of Energy and Mines of the Congress of the Republic, Perupetro specified that everything established by law has been complied with, so that the Executive Branch authorizes the signing of the License Contract for Block 192 with PetroPerú.

He explained that one of the prerequisites was the completion of the Prior Consultation, a process that concluded satisfactorily in September of last year. In addition, he has reached important agreements with the communities located in the zone of influence of Block 192.

Perupetro clarified that the delay in the approval of the Supreme Decree avoids the opportunity to take advantage of the high price of oil. This would generate higher royalty income for the country and consequently a higher canon for the Loreto region.

lot 192

Block 192, before stopping operations in March 2020, produced 12,000 barrels of oil per day. The License Agreement to be signed with PetroPerú will be for a term of 30 years.

“Nothing limits that PetroPerú can sign the contract for Block 192. The choice of its partner is an internal matter that does not interfere with the approval of the Supreme Decree for the state oil company to assume its operation,” he said.

In this sense, Perupetro asked Congress for support for the reactivation of oil production in the country’s jungle. This will make it possible to promote economic reactivation in the Loreto region and, above all, for the benefit of the communities that depend on hydrocarbon activity in the Loreto region.

“We need to align the country’s energy policy to promote the sustainable development of hydrocarbon resources for the benefit of all Peruvians,” he stressed.