PETROPERÚ selected operating partner to exploit lot 192

In a satisfactory manner, PETROPERÚ completed the selection process of the strategic partner for participation in the License Agreement for the Exploitation of Hydrocarbons of Block 192, located in the Northern Jungle of the country. At a Board meeting on June 21, the proposal of the company Altamesa Energy Canada Inc. for the development of said project was approved.

This decision is part of the provisions of Law No. 30357, which empowers Perupetro S.A. to sign the license agreement with Petroperú, for which the Prior Consultation process that is currently being carried out by the Ministry of Energy and Mines and Perupetro should be previously completed. Once this dialogue process with the communities concludes, Perupetro may continue with the process of approval and subscription of the license agreement with the state oil company and, subsequently, Altamasa will be brought onboard as an operating partner of Lot 192.

Altamesa Energy Canada Inc. is an oil and gas operation and investment project development company focused on Latin America, with corporate headquarters in Montreal, Canada. The support of this company is based on strategic alliances with leading companies in the sector and benefits from a consolidated group of financial investors in their efforts to develop strategic assets at the regional level.

It should be noted that Lot 192 is the most important oil asset in Peru. It is located between the provinces of Datem del Marañón and Loreto, in the Loreto region. It has an area of 512,347 hectares, encompassing the basins of the Pastaza, Corrientes and Tigre rivers.

Average basic production is approximately 10,500 barrels/day. It has a total of 250 drilled wells, of which around 90 producing wells are considered active. In addition, the lot has the necessary infrastructure for the reinjection of 100% of the water produced in the different fields.

Total recoverable technical reserves of 127 million barrels (MMBO) are estimated as 1P proven reserves of medium, light and heavy crude, self-balanced at 18° API. The production of this batch will generate synergies with the New Talara Refinery, a work that is already in its final construction phase and its completion is expected at the end of next November.