Total Energies E&P will carry out studies to evaluate the potential of the Talara and Tumbes basins in northwest Peru

This Perupetro release was published using machine translation.

The French Total Energies E&P, one of the five largest gas and oil producers worldwide, will carry out initial studies to evaluate the hydrocarbon potential of the Talara and Tumbes basins, in the northwest of the country, which demonstrates the interest of investors in Peru.

PERUPETRO and Total Energies signed three Technical Evaluation Agreements (CET), which will allow the development of comprehensive office geological-geophysical studies, to increase the level of knowledge about the oil or gas potential that could exist in said sedimentary basins.

The Technical Evaluation Agreements are valid for 24 months and allow companies to carry out studies and non-intrusive activities such as; satellite studies, geological-geophysical reevaluation of the existing information in the PERUPETRO Data Bank, among others. It should be specified that, depending on the results obtained, companies, after having fulfilled their commitments, may exercise the right of First Option for eventual negotiation and signing of a License Agreement or, finally, not continue in the area. .

PERUPETRO, as part of its investment promotion role, carries out intensive promotion of areas with potential that have not been evaluated in depth and that today, thanks to technological advances, can be the subject of greater non-invasive desk studies.

Through the development of studies, greater knowledge of the country's sedimentary basins can be obtained. It should be noted that, of the 18 oil basins that Peru has, five of them have been explored and produced.

Peru competes with various countries worldwide in attracting investments to promote the development of the hydrocarbon sector, which is fundamental and strategic to guarantee access to safe, efficient and low-cost energy, for the benefit of millions of Peruvians.