The lot represents 30% of the country's oil production and it is estimated that its production could double with the development of new investments and technology.

The awarding of Lot

In that sense, he welcomed the granting of the approval of Lot

In this regard, Felipe Cantuarias, president of the SPH, considered it positive that the bidding process for a lot that represents 70% of the oil production in northeastern Peru with approximately 10,000 barrels per day has been carried out.

Likewise, he highlighted the importance of having a climate of stability for investments in order to recover oil production in order to supply domestic demand and depend less on crude oil imports.

On the other hand, Cantuarias referred to the need for reforms to recover the competitiveness of the hydrocarbon sector and thus reactivate investment in exploration, such as updating the royalty system, reducing paperwork and promoting private investment; in order to lead the country towards the energy transition.

Lot