HISTORIC RECORD IN SIGNING PETROLEUM CONTRACTS IN PERU
(Source:
Perupetro - Date: 11/21/2007)
(Press Release)
On, November 21st, during a ceremony in the Government House, PERUPETRO, commemorating its fourteenth anniversary, signed 18 new License Contracts for the Exploration and Exploitation of Hydrocarbons, which rose to 24 the contracts signed during this year, establishing a new record in the sector.
Twelve international companies signed the contracts, which involve an estimated investment of 800 million dollars, which will benefit and promote the development of the region. This companies are from Europe, Asia, North America and South America.
It is important to mention that 13 of the 18 contracts signed, took part of the 2007 Bidding Round Process, celebrated on July.
These companies are:
The Russian Samaraneftegaz S.A.A., which obtained the license for Block 130, located among the Provinces of Datem del Marañón, Alto Amazonas and Loreto, in the Department of Loreto. The Korean SK Energy Co. Ltd., acquired Block Z-46 located between Lambayeque and La Libertad, in the continental shelf. Also, Vetra Energy Group LLC. will initiate exploration works in Block XXV located among Piura and Tumbes. Pan Andean Resources Plc of Ireland obtained Blocks 131 and 141, located in the Department of Ucayali, Huánuco, Pasco; and Puno respectively.
Hunt Consolidated Inc. and PetroVietnam Exploration Production Corporation, acquired Blocks 143 and Z-47, the first one situated in the Department of Loreto and the second located facing the coasts of the Departments of La Libertad and Ancash.
Among the consortiums that participated in the 2007 Bidding Round, the consortium Talisman Energy Inc. and ECOPETROL INC. obtained Block 134. This association is formed by the independent company based on Canada, Talisman Energy Inc., and ECOPETROL, a Colombian corporation which is one of the 35 largest petroleum companies of the world and is one of the top five enterprises of Latin America.
BPZ Energy signed contract for Blocks XXIII and XXII located both in Piura and Occidental Oil and Gas Peru, LLC, Sucursal del Peru for Block 142 located in the Department of Loreto.
