Peru
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Ministry greenlights Pan Andean, Cepsa block 114 deal

Bnamericas
Peru's energy and mines ministry has authorized Madrid-based hydrocarbons company Cepsa to acquire a 60% stake in Irish hydrocarbons firm Pan Andean Resources' (AIM: PRE) block 114 E&P license. The companies announced the agreement in February. The ministry also authorized state hydrocarbons promotion agency Perupetro to sign off on the deal, Peru's official gazette reported. Block 114 covers 7,200km2 in the Ucayali basin. Last week, the ministry authorized Cepsa to acquire a 70% stake in firm Pan Andean's block 131 E&P license. In Peru, Cepsa already holds a stake in block 104 (Marañón basin) and an interest in block 127 (also Marañón).

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Other companies in: Oil & Gas (Peru)

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  • The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...