Overview
- The Executive issued Supreme Decree No. 022-2025-EM granting Petroperú a six-month extension to operate offshore Lot Z-69, running to May 2026 or until a new contract is signed.
- Perupetro and Petroperú signed the contract addendum to formalize the extension, which requires a minimum 3,045 barrels per day in the final month and updates the royalty scheme.
- The government replaced Perupetro’s president via Supreme Resolution No. 016-2025-EM, appointing Carlos Isaac Bianchi Ramírez to succeed Pedro Chira.
- Petroperú’s shareholders installed a new board led by Luis Alberto Canales Gálvez, accepting the prior directors’ resignations and naming three additional members.
- Perupetro said it will relaunch the public call for a long-term operator after the previous tender drew no bids, as unions continue to press for job protections and longer-term certainty.