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March 15, 2010
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Camisea Project

Ministerio de Energía y Minas

ProInversión

Miniesterio de Economía y Finanzas

Estado Peruano

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Camisea Project

Project Background

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  • July 1,98: The Oil Operation Contract was subscribed for Lots 38 and 42 with SHELL.
  • 1,983 – 1,987: As a result of drilling 5 exploration wells, SHELL discovers the Camisea Gas Fields.
  • March 1,988: The Terms Agreement for the exploitation of Camisea was signed between SHELL and PETROPERU.
  • August 1,988: The contract negotiation with SHELL is concluded without reaching an agreement.
  • March 1,994: The Agreement for the Evaluation and Development of Camisea Fields between SHELL and PERUPETRO is entered into.
  • May 1,995: SHELL delivers a Feasibility Study and request PERUPETRO the starting of a Contract negotiation for the Camisea Fields Exploitation.
  • May 1996: The negotiation is finished and the Contract of Camisea Fields Exploitation is entered into between the consortium SHELL/MOBIL and PERUPETRO.
  • July 1,998: The consortium Shell/Mobil announce its decision of non-continuance with the Second Period of the Contract, thus the contract is terminated.
  • May 1999: The Commission of the Private Investment Promotion (COPRI) agrees to carry out a promotion process for developing the Camisea Project by means of a segmented scheme that comprises separate business modules.
  • May 1999: On May 31, 1999, the Special Committee of Camisea Project (CECAM) call for International Public Bidding to grant the License Agreement for the Camisea Exploitation, and Concessions for Liquid and Gas Transportation to the Coast and gas Supply in Lima and Callao.
  • December 2000: The Contracts for the Camisea Project Development with the awarded consortiums of the Biddings carried out by CECAM were entered into.
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