Perupetro Company News

Recent Articles

Results 50 articles shown

Peru Says Will Cut Royalties In Current Oil Contracts By July
Peru plans to lower the royalty payments it receives from oil companies by July in order to help them survive the oil price crisis and might allow some to postpone part of their payments, the country's energy agency, Perupetro, says.
7:00 PM EST | February 02, 2016
Peru To Cut Oil, Gas Royalties To 5% To Counter Price Slump
Peru is reducing royalties on oil and gas production to about 5% on average from the current 20% in order to encourage exploration amid slumping prices, the government says.
7:00 PM EST | November 10, 2015
Government: Peru's Biggest Oil Block Fails to Receive Any Bids
Three foreign oil companies that had originally signaled interest in Peru's biggest oil block did not bid in an auction held on Tuesday, state energy regulator Perupetro says.
8:00 PM EST | August 04, 2015
Petroperu Plans $2.7B In Global Bonds, Sees 2015 Profit
Petroperu plans to issue $2.7 billion in global bonds, likely with a 30-year maturity, by the end of November to finance expansion of its main refinery.
8:00 PM EST | June 11, 2015
Bidding Begins For Peru's Largest Oil Block In Amazon
Peru opens bidding for rights to develop the country's largest oil block after several months of negotiations with indigenous groups over pollution, energy regulator Perupetro says.
8:00 PM EST | May 13, 2015
Government: Bids on Peru's Biggest Oil Block to Start in April
Bidding on the rights to develop Peru's biggest oil block will begin next month, and a winner will likely be announced in August, state energy agency Perupetro says.
7:00 PM EST | March 05, 2015
Peru to Open Bidding on 7 or 8 Energy Blocks in Mid-December
Peru's government says that it plans to open bidding on seven or eight energy blocks in mid-December, when it will also announce winners of two additional oil contracts that have already gone out for bid.
7:00 PM EST | November 04, 2014
Peru Seeks Investments of at Least $1B in Amazon Oil Auction
Peru's government aims to attract more than $1 billion in investments in an upcoming public auction of 26 oil concessions in the country's Amazon region, a top government official says.
8:00 PM EST | June 12, 2013
Perupetro Plans Auction for Offshore Concessions
Peru's state agency for hydrocarbon exploration Perupetro plans to auction off nine concessions in the fourth quarter of this year.
8:00 PM EST | March 24, 2013
Peru Approves Ecopetrol Entrance to Maranon Basin
The Peruvian Government authorized Perupetro S.A. to sign an amendment to acquire a 25 percent interest in Lot 117 on the Peruvian-Colombian border.
8:00 PM EST | July 05, 2010
Talisman Plans to Bid in Peru's Oil-Block Auction
Perupetro said Canada's Talisman Energy is among several companies that plan to bid for 25 new hydrocarbon lots.
8:00 PM EST | June 08, 2010
Perupetro Approves BPZ's Corvina Start-Up for May 2010
Perupetro has approved BPZ Resources' proposed First Date of Commercial Production as set forth in the current Field Development Plan for its Corvina field in Block Z-1 in Northwest Peru.
7:00 PM EST | December 29, 2009
Ecopetrol, Talisman Join Forces to Explore Block 158 in Peru
Ecopetrol and Talisman will perform hydrocarbon exploration and exploitation in Block 158 located in Peru.
8:00 PM EST | April 16, 2009
Ecopetrol, Petrobras Shake on Exploration, Production Projects in Peru
Through its affiliate in Peru, Ecopetrol entered into two agreements with Petrobras to acquire a share in two exploration and production blocks in Peru.
8:00 PM EST | March 16, 2009
Peru Suspends Oil Contracts, Fires Official In Scandal
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.
8:00 PM EST | October 05, 2008
Emerald Energy High Bidder on Block 163 in Peru
Emerald Energy has been informed by Perupetro S.A., the state company administering the hydrocarbon resources in Peru, that it was the successful bidder on Block 163 in the recently completed 2008 Bidding Round.
8:00 PM EST | September 14, 2008
PetroVietnam Snags Production Rights for Peru's Trujillo Oil Block
Perupetro S.A. has awarded a contract to PetroVietnam to explore and produce oil and gas at Block 162, the state-run Vietnam News Agency reported Friday.
8:00 PM EST | September 11, 2008
Peru's Oil Production to Rise 20,000 bopd
Peru will increase its production of oil and other hydrocarbon products to an average of 132,000 barrels a day in September from 112,000 barrels a day now, government agency Perupetro said Friday.
8:00 PM EST | September 04, 2008
Peru's July Oil/Products Output Rises 4.75% Versus June
Peru produced an average of 118,714 barrels of liquid hydrocarbons a day in July, 4.75 percent higher than in the previous month, state agency Perupetro said Tuesday.
8:00 PM EST | August 05, 2008
EnDevCo Partners in Peru Exploration
Block XXIV is located on the coastal plain in northern Peru and encompasses a total of 276,137 acres of which approximately 80,000 acres are located offshore and 196,000 acres are located onshore.
7:00 PM EST | March 05, 2008
CEPSA Signs Farm-In with Pan Andean Resources
CEPSA will eventually assume operatorship of the Blocks and acquire a 60% working interest in Block 114 and a 70% working interest in Block 131, once it has obtained the required regulatory approvals from Perupetro.
7:00 PM EST | February 24, 2008
Petrobras Reaffirms Partnership in Peru
Seeking to promote new investment, the partnership between Petrobras, Petroperu and Perupetro has been extended for one more year.
8:00 PM EST | October 04, 2007
Olympic Begins Drilling 3rd Well on Peru's Block XIII
Olympic has begun drilling a third well on block XIII in Peru's Paita province, Piura department, hydrocarbons promotion agency Perupetro reported.
8:00 PM EST | September 03, 2007
Perupetro President: New E&P Round Planned for March
Peru's state hydrocarbons promotion agency Perupetro could launch a new E&P round in March 2008, state news agency Andina and government paper El Peruano quoted Perupetro president Daniel Saba as saying.
8:00 PM EST | August 01, 2007
President Greenlights Perupetro, Loon Block 127 Contract
Peru's President Alan Garcia has authorized state hydrocarbons promotion agency Perupetro and Canadian oil and gas company Loon Energy to sign the E&P contract for block 127, Peru's official gazette reported.
8:00 PM EST | July 15, 2007
Pacific Stratus Obtains Three Oil Blocks in Peru
Pacific Stratus Energy has been awarded blocks 135, 137 and 138 offered by Perupetro in the 2007 Bidding Program. These blocks total 1,883,553 hectares and are located in the prolific Maranon Basin.
8:00 PM EST | July 12, 2007
Peru Government Awards 13 New Oil and Gas Blocks
Peru awarded 13 new oil and gas blocks Thursday to nine different bidders in a process lauded by company and government representatives.
8:00 PM EST | July 11, 2007
Perupetro: 16 Groups Submit Bids for 2007 E&P Round
Peru's state hydrocarbons promotion agency Perupetro reported 16 groups submitted offers for the 2007 E&P round.
8:00 PM EST | July 10, 2007
Peru Oil, Gas Blocks Auction Draws Interest from 14 Companies
A total of 14 bidders presented technical and economic bids Monday for 19 oil and gas blocks that the Peruvian government is promoting in different parts of the country.
8:00 PM EST | July 08, 2007
Perupetro: 2007 E&P Round Attracts 47 Companies
Forty-seven companies have submitted letters of intent to participate in Peru's 2007 hydrocarbons E&P round, state hydrocarbons promotion agency Perupetro general manager Carlos Vives told BNamericas.
8:00 PM EST | June 14, 2007
TGS, Perupetro Sign Digital Well Log Database Agreement
TGS-Nopec Geophysical Company's wholly owned subsidiary, A2D Technologies, has signed an exclusive five-year agreement to convert Peru's legacy and new-release well log data to industry-standard formats and make it commercially available online.
8:00 PM EST | June 04, 2007
Barrett Submits Block 67 Development Plan to Perupetro
Barrett Resources has submitted its development plan for block 67 in Peru to the country's hydrocarbons promotion agency Perupetro.
8:00 PM EST | June 03, 2007
Peru: Seeing Lots of Interest in Licensing Round
At least 37 companies have expressed interest in bidding for 19 oil and gas blocks the government is promoting in different parts of Peru.
8:00 PM EST | May 23, 2007
Perupetro, Vamex Sign Contract for Z-38 Offshore Block
Perupetro has signed a contract with the Peruvian subsidiary of Vietnam American Exploration (Vamex) for exploration of offshore block Z-38, a Perupetro source told BNamericas.
8:00 PM EST | April 12, 2007
Gold Oil, Plectrum Sign E&P Contract for Z-34 Block
Peru's state hydrocarbons agency Perupetro has signed an E&P agreement for the Talara basin's offshore Z-34 block with Gold Oil and Plectrum Petroleum, Perupetro said in a statement.
8:00 PM EST | March 11, 2007
Perupetro to Sign E&P Agreement for Z-34 Block March 8
Peru's state hydrocarbons promotions agency Perupetro plans to sign an E&P agreement for the Talara basin's offshore block Z-34 on March 8, the agency said in a statement.
7:00 PM EST | March 06, 2007
Perupetro Presents 18 Blocks at Houston Roadshow
Peru's hydrocarbons promotion agency Perupetro presented 18 blocks it is in the process of tendering to more than 19 oil companies in Houston last week, Peru's energy and mines ministry said in a statement.
7:00 PM EST | February 05, 2007
Ministry: E&P Investment Hits US$515mn in 2006
Investment in E&P activities in Peru reached US$515mn in 2006, the country's energy and mines ministry (MEM) said in a statement.
7:00 PM EST | January 31, 2007
Perupetro Collects US$690mn in 2006, Signs 16 Contracts
Peru's government collected 2.21bn soles (US$690mn) from hydrocarbons production in 2006 through hydrocarbons promotion agency Perupetro, the country's energy and mines ministry said in a statement.
7:00 PM EST | January 30, 2007
Perupetro Set to Accept Bids for 18 Blocks
Peru's state hydrocarbons promotions agency Perupetro will receive letters of intent (LOI) and qualification documents from companies through May 25 to explore 18 blocks, according to the bidding rules posted on Perupetro's website.
7:00 PM EST | January 24, 2007
Perupetro Launching Tender for 18 Blocks
Peru's state hydrocarbons promotions agency Perupetro was due to launch the tender for the exploration of 18 blocks on January 23, Perupetro said in a statement.
7:00 PM EST | January 23, 2007
Perupetro to Launch Tender for 18 Blocks
Peru's state hydrocarbons promotions agency Perupetro will launch the tender for the exploration of 18 blocks around January 23 with the publication of bidding rules on its website, Perupetro senior promotions coordinator Winston Wusen told BNamerica
7:00 PM EST | January 14, 2007
Peru Selects 18 New Oil/Gas Blocks for Roadshow
Government agency Perupetro SA has selected the 18 new oil and gas blocks it plans to promote in the U.S., Canada and London over the next few months.
7:00 PM EST | January 08, 2007
Gran Tierra Wins Another Block in Peru
Gran Tierra Energy Inc. said that it won a license contract on December 12, 2006, to explore and exploit hydrocarbons covering Block 128 in Peru.
7:00 PM EST | December 19, 2006
Barrett Resources to Develop Heavy Oil Fields in Peru
Barrett Resources (Peru) LLC recently advised state regulatory agency Perupetro that it plans to declare commercial Block 67, its 250,000-acre contract area located in the Maranon Basin of northeastern Peru.
7:00 PM EST | December 12, 2006
With Barrett's Heavy Crude Proposal, Could Peru Become an Exporter?
Larger reserves and high oil prices have made a heavy-oil project in northern Peru a much more attractive proposal than when it was originally discovered eight years ago, government officials said Wednesday.
7:00 PM EST | December 12, 2006
Plectrum, Gold Win Nod for Offshore Peru Contract
Plectrum Petroleum said that it has received approval from Peru's government-owned oil company Perupetro SA (Perupetro) for an Exploration and Exploitation Contract covering Block Z-34, Offshore Peru.
7:00 PM EST | December 06, 2006
Ministry Approves E&P Contracts; Perupetro to Tender 18 Blocks
Peru's energy and mines ministry has approved the signing of three new contracts for blocks 116, 125 and 128 in the Peruvian jungle, local press reported.
7:00 PM EST | December 03, 2006
Petrobras, Petroperu Consortium Signs 6 Maranon TEAs
The consortium of Petrobras and Petroperu signed six technical evaluation agreements (TEAs) with state hydrocarbons promotions agency Perupetro.
7:00 PM EST | November 19, 2006
Peru's Liquid Hydrocarbons Output Down 5% in October Due to Protests
Peru's total production of hydrocarbons liquids in October this year fell 5% to 3.3Mb from the same month in 2005, largely due to protests from indigenous communities, Perupetro said.
7:00 PM EST | November 12, 2006