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1h ago

Peru Extends Petroperú’s Tenure at Lote Z-69 Under New Terms as Energy Chiefs Replaced

The measure sets output thresholds plus revised royalties during a broader leadership reshuffle.

Petroperú: titular del MEF anuncia nuevo directorio de petrolera tras solicitar renuncia a sus miembros
Lote Z-69: trabajadores de Petroperú exigen al gobierno de Jerí que promulgue decreto para extender contrato temporal
Petroperú, actual operador, deberá además acreditar una producción fiscalizada promedio de al menos 3,045 barriles diarios en el último mes del periodo de vigencia del contrato (foto: Andina).
Carlos Bianchi fue designado presidente del directorio de Perupetro.

Overview

  • The Executive published Supreme Decree No. 022-2025-EM authorizing Petroperú to continue operating Lote Z-69 and empowering Perupetro to sign the contract addendum.
  • The decree requires Petroperú to deliver a minimum fiscalized output of 3,045 barrels per day in the final month of the term and adopts a modified royalty scheme.
  • Reports diverge on the extension’s length, with some outlets citing six months to May 2026 and others reporting 30 months to mid‑2027, reflecting unresolved clarification on the duration.
  • Perupetro said it will issue a new call in the coming weeks for companies interested in operating the lot, with Petroperú maintaining temporary operations in the interim.
  • Carlos Isaac Bianchi Ramírez was named president of Perupetro by Supreme Resolution No. 016-2025-EM, and the Economy Ministry announced a full renewal of Petroperú’s board to be designated today.