Perupetro ensures continuity in the exploitation of hydrocarbons in lots I, VI and Z-69

This Perupetro release was published using machine translation.

1. Considering that oil exploration activities are not exclusive to contracts for the exploration and exploitation of hydrocarbons, in various current exploitation contracts signed by PERUPETRO SA, obligations to drill exploratory wells were included with the purpose of replenishing the oil reserves of the deposits that are in production. It is worth pointing out that not having made this inclusion would have been unresponsible, since only oil would have been extracted without the possibility of maintaining or increasing reserves.

2. In that same line of thought and action (endorsed by current regulations), PERUPETRO proposed on August 11, 2023 that the contract for Direct Negotiation of the License for the Exploitation of Hydrocarbons in Lots I, VI and Z-69, for 30 years, which would be signed with PETROPERÚ SA, the drilling of one (1) exploratory well was included as part of the Work Program, precisely with the purpose of ensuring the replacement of reserves of said Lots.

3. Due to the above and in exercise of the powers conferred on PERUPETRO SA, in order to ensure the operational continuity of Lots I, VI and Z-69, on September 20, 2023, new Base Lines have been approved for the Contracting by Direct Negotiation of License Contracts for the Exploitation of Hydrocarbons in Lots I, VI and Z-69, temporary, whose terms of validity will be 02 years or until the effective date of a new Contract for the Exploitation of Hydrocarbons, The thing that happens first. In this way, the granting of the aforementioned Lots to PETROPERU for 30 years is void, as originally proposed, but without jeopardizing the continuity of the hydrocarbon production of the mentioned lots.

4. PERUPETRO reiterates that it will continue working, as it has always done, not only to ensure the continuity of the oil exploitation of the current production lots, but above all in the promotion of the exploitation and exploration of new oil lots, hand in hand of national and foreign private investment, for the benefit of all Peruvians