The partnership signed by Petrobras, Peruvian state owned company Petroperu, and Perupetro (the sector’s promoter and regulator in Peru) last September, has been extended for one more year seeking to promote new investments in Peru. The document that extends the agreement’s term was signed today, October 1, in Rio de Janeiro, by the presidents of Petrobras, José Sergio Gabrielli de Azevedo; of Petroperu, César Gutiérrez Pena; and of Perupetro, Daniel Saba De Andrea. Peru’s Mines & Energy minister, Juan Valdivia, also attended the ceremony.
The companies committed to undertake studies to promote and facilitate investments in hydrocarbon exploration, production, transportation, refining and distribution in Peru. The studies are being coordinated by a negotiation committee composed of representatives of the parts. Possible projects to be executed must be previously approved by Petrobras’ Senior Administration and by Petroperu’s Board of Directors.
The extension of the partnership shows Petrobras intends to boost its activities in Peru and to invest in the energetic integration between the two countries. Present in Peru since the 1990’s, Petrobras is interested in increasing its exploration & production activities in that country, where it currently lifts some 15,000 barrels per day of oil and gas at Talara Lot X, in Northeast Peru.