The production of 900 barrels per day (bopd) from Lot 131 will be added to that of oil, which currently stands at 18,500 bopd.
Petrotal Corp. announced the acquisition of Cepsa Perú for more than US$5 million and, in this way, Lot 131, located between the regions of Huánuco and Ucayali.
The transaction is subject to the closing conditions established in the agreement and the corresponding regulatory approvals. Petrotal indicated that, in due course, it will share the progress of this acquisition process.
The purchase of the company will allow the production of the Los Angeles field of Lot 131, which reaches an average of 900 barrels of oil per day (bopd), to be added to that of Petrotal, which currently stands at 18,500 bopd and has growth potential in the short and medium term.
Guillermo Flórez, general manager of Petrotal, highlighted that this is the first acquisition made by Petrotal Corp., parent company of Petrotal Perú, since its entry into Lot 95 (Loreto), at the end of 2017.
“It is an important step to fulfill our vision of growth,” he said.
The assets of Lot 131 are synergistic with those of Lot 95 and with Lot 107 (Huánuco and Pasco), the latter located just 130 kilometers by road from the new operation, highlighted the general manager. In addition, he acknowledged that there are immediate plans for the development of Lot 131, as soon as the transaction is concluded.
The recoverable oil reserves of Lot 131 are estimated at up to 4.9 million barrels.
“We intend to replicate, on a smaller scale, our success in the Brittany North field, which has made us the largest oil producer in Peru,” Flórez added.
Government intervention
The executive also commented that in Lot 131 the same concept of shared value will be applied as in Lot 95, with the contribution of a percentage of the value of the audited production to a fund intended to finance development projects in the area.
On the other hand, he commented that the coordination with the Regional Government of Ucayali and local authorities will be strengthened to leverage projects, activities and interventions that generate development and well-being for the population that coexists with the activity of Lot 131.
“We will apply the sustainable management model that has been giving such good results in Puinahua, the producing district of Lot 95,” he said.
Regarding the Development Fund for the District of Puinahua (Lot 95), he highlighted the recent signing of the trust that will allow activating the use of the contributions that Petrotal makes from 2022, as long as oil activity and hydrocarbon transportation are not paralyzed due to conflicts. social.
