Petroperu Company News

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Company: Explosion At Petroperu Crude Oil Tank Kills Two Workers
Wednesday, December 06, 2017 An explosion at a Petroperu crude oil tank killed two men who had been performing maintenance work on Wednesday.

Peru Crude Oil Pipeline Resumes Operation After Year Of Spills
Tuesday, September 26, 2017 A crude oil pipeline operated by Petroperu became fully operational following repairs.

Peru To Issue Up To $3B In Bonds To Finance State-Run Oil Firm
Tuesday, April 18, 2017 Peru is expecting to issue up to $3 billion in bonds in the international market in the first half of 2017.

Peru Detects Fresh Oil Spill From Decades-Old Amazon Pipeline
Thursday, August 11, 2016 A fresh oil spill in the Peruvian Amazon was detected from the country's four-decades-old pipeline, operator Petroperu says, bringing the number of leaks this year to four.

Petroperu Fined, President Ousted Over Oil Spills In Amazon
Friday, July 01, 2016 The Peruvian government dismisses the head of Petroperu, German Velasquez, and fines the state-owned energy company about $3.5 million after the third oil spill in the Amazon this year from its four-decades-old pipeline.

Peru's State Oil Company Says Scraps Plan For 2015 Share Offer
Monday, March 30, 2015 Petroperu will not go through with a previously announced plan to sell shares on the local stock market this year, the firm's president German Velasquez says.

Peru to Open Bidding on Offshore Oil Blocks in Next 2 Months
Thursday, March 13, 2014 Peru will open bidding on six offshore oil blocks this month or next after having agreed to exclude state-run energy firm Petroperu from the auction at the request of private bidders, an official says.

Pan Andean Commences Survey over Block 141 in Titicaca Basin
Friday, May 15, 2009 Pan Andean announced that an aero-gravimetric and magnetometric survey has commenced on Block 141 in the Titicaca basin of the Peruvian Andes, close to Lake Titicaca.

BPZ Signs $1.3B Deal for 17MM Barrels of Oil from Peru's Corvina Field
Friday, January 09, 2009 BPZ signed a new crude oil sales contract with PetroPeru for approximately 17 million barrels of oil, with an estimated total contract value of $1.3 billion.

Peru Suspends Oil Contracts, Fires Official In Scandal
Monday, October 06, 2008 Peru's government on Monday suspended a number of recently awarded gas and oil concessions, fired one high-level government official and accepted the resignation of another official due to a widening scandal tied to the concessions.

Peru Govt. Auctions Off 17 New Oil, Gas Lots
Wednesday, September 10, 2008 Peru's government has auctioned off 17 new oil and gas blocks, part of its push to explore for new hydrocarbon resources both on and offshore.

Peru to Auction Last 'Virgin' Oil, Gas Exploration Lots
Thursday, June 19, 2008 Perupetro Chairman Daniel Saba reveals that the upcoming round of concessions will be the last one of relatively untouched areas of Peru.

RIL in Talks with Peru for Two Oil Blocks
Wednesday, October 24, 2007 Reliance Industries is in talks with Peru for picking up stake in two oil blocks.

Petrobras Reaffirms Partnership in Peru
Friday, October 05, 2007 Seeking to promote new investment, the partnership between Petrobras, Petroperu and Perupetro has been extended for one more year.

Exec: Camisea Reserves Increase Expected Year-End
Thursday, July 26, 2007 Confirmation of a reserves increase for blocks 88 and 56 of Peru's Camisea gas project is expected at year-end, according to Norberto Benito, general manager of Argentine company Pluspetrol's local subsidiary.

Petrobras, Petroperu to Decide on Maranon Exploration November 2008
Wednesday, March 14, 2007 Petroperu and Petrobras have until November 2008 to decide whether to convert the technical evaluation agreements (TEAs) on six blocks in Peru's Maranon basin to exploration contracts.

Petroperu, Petrobras to Begin Drilling 6 Blocks in 2H08
Tuesday, March 06, 2007 Petroperu and Petrobras will begin exploratory drilling on six blocks in Peru's Maranon basin in the second half of 2008, official paper El Peruano reported.

Occidental May Sign New E&P Contract in Peru - Minister
Thursday, February 22, 2007 Occidental is on the verge of signing a new contract with the government to explore a petroleum block in northern Peru, Energy and Mines Minister Juan Valdivia said Thursday.

Ecopetrol, Petroperu Sign MOU for Joint Projects
Wednesday, February 21, 2007 Colombia's and Peru's respective state oil companies Ecopetrol and Petroperu have signed an MOU for potential collaboration, Ecopetrol said in a statement.

Petrobras, Petroperu Consortium Signs 6 Maranon TEAs
Monday, November 20, 2006 The consortium of Petrobras and Petroperu signed six technical evaluation agreements (TEAs) with state hydrocarbons promotions agency Perupetro.

Gran Tierra Secures Exploration Acreage in Peru
Thursday, November 09, 2006 Gran Tierra Energy Inc. said Thursday the License Contract for the Exploration and Exploitation of Hydrocarbons covering Block 122 in Peru between Gran Tierra Energy Peru and PeruPetro S.A. was ratified by Supreme Decree and is now effective.

Peru's Hydrocarbons Liquids Output Up 2.79% January-September
Thursday, October 05, 2006 Peru's total production of hydrocarbons liquids from January-September this year was 31.6Mb, or 115,651b/d, up 2.79% from the year-ago period, the energy and mines ministry said in a statement.

Petrobras, Petroperu to Sign MOU for Joint Development
Monday, September 25, 2006 Petrobras will sign a memorandum of understanding on September 27 with Peru's state oil company Petroperu to develop joint projects in the Andean country.

Peru Govt Names Cesar Gutierrez to Run State Oil Co
Thursday, August 24, 2006 Energy consultant Cesar Gutierrez will become the president of the board of Peruvian state-owned oil company Petroleos del Peru S.A., or Petroperu, Mines and Energy Minister Juan Valdivia said Thursday.

Petrobras Reps in Lima Seeking New Opportunities
Monday, August 14, 2006 Officials from Brazil's federal energy company Petrobras traveled to Lima Friday to meet with Peruvian government and hydrocarbons officials, Petrobras said in a statement.

Peru: Garcia Beats Humala to Presidency
Tuesday, June 06, 2006 Peru's former president Alan Garcia is set to become the country's next leader, securing over 53% of the vote with approximately 91% of ballots counted by Monday morning.