Overview
- Petroloreto S.A.C., a subsidiary of Cheiron Holdings Egypt Limited, assumed operational control and a 75% contractual participation in Lote 192 after the executive decree published October 23, while state firm Petroperú keeps a 25% stake.
- Petroperú, Petroloreto and Perupetro signed a Joint Investment Contract and a Joint Operation Agreement that formalize the partner split and set the rules for shared work on the field.
- The associational agreements establish a 27-year operating horizon and aim to attract the capital and repairs needed to recover the field and resume oil output.
- Peru-Petro has said the field needs extensive rehabilitation — including replacement of submerged pumps and construction of roughly 600 kilometers of access roads — and estimates a possible return to production about 18 months after contract works begin.
- Lote 192 lies in Loreto and holds estimated recoverable reserves above 120 million barrels; reactivation could supply crude to the Talara refinery, create local jobs, and use a proposed trust to clear outstanding supplier debts.