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Peru Says Will Cut Royalties In Current Oil Contracts By July
Wednesday, February 03, 2016Peru 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.

Peru To Cut Oil, Gas Royalties To 5% To Counter Price Slump
Wednesday, November 11, 2015Peru 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.

Government: Peru's Biggest Oil Block Fails to Receive Any Bids
Wednesday, August 05, 2015Three 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.

Petroperu Plans $2.7B In Global Bonds, Sees 2015 Profit
Friday, June 12, 2015Petroperu 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.

Bidding Begins For Peru's Largest Oil Block In Amazon
Thursday, May 14, 2015Peru 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.

Government: Bids on Peru's Biggest Oil Block to Start in April
Friday, March 06, 2015Bidding 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.

Peru to Open Bidding on 7 or 8 Energy Blocks in Mid-December
Wednesday, November 05, 2014Peru'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.

Peru Seeks Investments of at Least $1B in Amazon Oil Auction
Thursday, June 13, 2013Peru'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.

Perupetro Plans Auction for Offshore Concessions
Monday, March 25, 2013Peru's state agency for hydrocarbon exploration Perupetro plans to auction off nine concessions in the fourth quarter of this year.

Peru Approves Ecopetrol Entrance to Maranon Basin
Tuesday, July 06, 2010The Peruvian Government authorized Perupetro S.A. to sign an amendment to acquire a 25 percent interest in Lot 117 on the Peruvian-Colombian border.

Talisman Plans to Bid in Peru's Oil-Block Auction
Wednesday, June 09, 2010Perupetro said Canada's Talisman Energy is among several companies that plan to bid for 25 new hydrocarbon lots.

Perupetro Approves BPZ's Corvina Start-Up for May 2010
Wednesday, December 30, 2009Perupetro 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.

Ecopetrol, Talisman Join Forces to Explore Block 158 in Peru
Friday, April 17, 2009Ecopetrol and Talisman will perform hydrocarbon exploration and exploitation in Block 158 located in Peru.

Ecopetrol, Petrobras Shake on Exploration, Production Projects in Peru
Tuesday, March 17, 2009Through its affiliate in Peru, Ecopetrol entered into two agreements with Petrobras to acquire a share in two exploration and production blocks in Peru.

Peru Suspends Oil Contracts, Fires Official In Scandal
Monday, October 06, 2008Peru'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.

Emerald Energy High Bidder on Block 163 in Peru
Monday, September 15, 2008Emerald 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.

PetroVietnam Snags Production Rights for Peru's Trujillo Oil Block
Friday, September 12, 2008Perupetro 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.

Peru's Oil Production to Rise 20,000 bopd
Friday, September 05, 2008Peru 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.

Peru's July Oil/Products Output Rises 4.75% Versus June
Wednesday, August 06, 2008Peru 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.

EnDevCo Partners in Peru Exploration
Thursday, March 06, 2008Block 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.

CEPSA Signs Farm-In with Pan Andean Resources
Monday, February 25, 2008CEPSA 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.

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

Olympic Begins Drilling 3rd Well on Peru's Block XIII
Tuesday, September 04, 2007Olympic has begun drilling a third well on block XIII in Peru's Paita province, Piura department, hydrocarbons promotion agency Perupetro reported.

Perupetro President: New E&P Round Planned for March
Thursday, August 02, 2007Peru'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.

President Greenlights Perupetro, Loon Block 127 Contract
Monday, July 16, 2007Peru'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.

Pacific Stratus Obtains Three Oil Blocks in Peru
Friday, July 13, 2007Pacific 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.

Peru Government Awards 13 New Oil and Gas Blocks
Thursday, July 12, 2007Peru awarded 13 new oil and gas blocks Thursday to nine different bidders in a process lauded by company and government representatives.

Perupetro: 16 Groups Submit Bids for 2007 E&P Round
Wednesday, July 11, 2007Peru's state hydrocarbons promotion agency Perupetro reported 16 groups submitted offers for the 2007 E&P round.

Peru Oil, Gas Blocks Auction Draws Interest from 14 Companies
Monday, July 09, 2007A 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.

Perupetro: 2007 E&P Round Attracts 47 Companies
Friday, June 15, 2007Forty-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.

TGS, Perupetro Sign Digital Well Log Database Agreement
Tuesday, June 05, 2007TGS-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.

Barrett Submits Block 67 Development Plan to Perupetro
Monday, June 04, 2007Barrett Resources has submitted its development plan for block 67 in Peru to the country's hydrocarbons promotion agency Perupetro.

Peru: Seeing Lots of Interest in Licensing Round
Thursday, May 24, 2007At least 37 companies have expressed interest in bidding for 19 oil and gas blocks the government is promoting in different parts of Peru.

Perupetro, Vamex Sign Contract for Z-38 Offshore Block
Friday, April 13, 2007Perupetro 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.

Gold Oil, Plectrum Sign E&P Contract for Z-34 Block
Monday, March 12, 2007Peru'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.

Perupetro to Sign E&P Agreement for Z-34 Block March 8
Wednesday, March 07, 2007Peru'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.

Perupetro Presents 18 Blocks at Houston Roadshow
Tuesday, February 06, 2007Peru'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.

Ministry: E&P Investment Hits US$515mn in 2006
Thursday, February 01, 2007Investment in E&P activities in Peru reached US$515mn in 2006, the country's energy and mines ministry (MEM) said in a statement.

Perupetro Collects US$690mn in 2006, Signs 16 Contracts
Wednesday, January 31, 2007Peru'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.

Perupetro Set to Accept Bids for 18 Blocks
Thursday, January 25, 2007Peru'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.

Perupetro Launching Tender for 18 Blocks
Wednesday, January 24, 2007Peru'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.

Perupetro to Launch Tender for 18 Blocks
Monday, January 15, 2007Peru'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

Peru Selects 18 New Oil/Gas Blocks for Roadshow
Tuesday, January 09, 2007Government 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.

Gran Tierra Wins Another Block in Peru
Wednesday, December 20, 2006Gran Tierra Energy Inc. said that it won a license contract on December 12, 2006, to explore and exploit hydrocarbons covering Block 128 in Peru.

Barrett Resources to Develop Heavy Oil Fields in Peru
Wednesday, December 13, 2006Barrett 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.

With Barrett's Heavy Crude Proposal, Could Peru Become an Exporter?
Wednesday, December 13, 2006Larger 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.

Plectrum, Gold Win Nod for Offshore Peru Contract
Thursday, December 07, 2006Plectrum 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.

Ministry Approves E&P Contracts; Perupetro to Tender 18 Blocks
Monday, December 04, 2006Peru'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.

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

Peru's Liquid Hydrocarbons Output Down 5% in October Due to Protests
Monday, November 13, 2006Peru'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.