Overview
- Decreto Supremo N.º 022-2025-EM, published on Nov. 15, authorizes Petroperú to continue operating Lote Z-69 up to May 2026 or until a new contract is signed.
- The measure requires a minimum fiscalized output of 3,045 barrels per day in the final month of the extension and introduces a revised royalty scheme.
- Perupetro is empowered to sign the contract addendum with Petroperú and said it will relaunch a public call in the coming weeks to attract experienced operators.
- By Resolución Suprema N.º 016-2025-EM, the Executive removed Pedro Chira and appointed Carlos Isaac Bianchi Ramírez as president of Perupetro’s board.
- The Petroperú shareholders’ meeting named Luis Alberto Canales Gálvez as board chair and approved new directors, while one outlet’s report of a 30‑month extension contradicts the official six‑month decree.