Overview
- Supreme Resolution No. 021-2025-EM published in El Peruano authorizes exploitation of Lote Z-69 through June 30, 2027.
- The decision supersedes Perupetro’s initial plan for a six-month stopgap by granting two and a half years of legal certainty.
- Minem says the extension safeguards production for Talara’s supply and supports national energy security.
- Petroperú’s union had warned that a lapse could cost over 500 jobs and local royalties, and it reports output fell about 1,000 bpd after regulator-ordered platform closures.
- In a related governance change, the government replaced Perupetro’s board chair, appointing Carlos Isaac Bianchi Ramírez by Supreme Resolution 016-2025-EM.