Overview

• President Dina Boluarte signed contract modifications on September 17 for offshore blocks Z-61, Z-62 and Z-63 off Lambayeque and La Libertad.
• Chevron acquired a 35% non-operating stake, Anadarko remains operator with 35%, and Westlawn holds the remaining 30%.
• The consortium has obtained required regulatory approvals and plans to begin drilling the first exploratory well toward late 2026.
• Anadarko’s seismic surveys in the Trujillo basin identified hydrocarbon traps across more than two million hectares.
• Officials tout a confidence boost for a sector that drilled only two exploratory wells in 2024, while analysts call for faster permitting and stronger institutions to translate prospects into production.