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3 clusters · 12 sources · 20 days · First seen 23 days ago · Last updated 3 days ago

Petroperú management of Lote 192 oil field

Overview

The Peruvian government transitioned full ownership of the Lote 192 oil field in the Loreto region to the state-owned company Petroperú via Supreme Decree No. 021-2026-EM. This move recovered the 61% stake previously held by Altamesa Energy Perú, which had departed the project in February 2025. The decree left Petroperú to assume all financial obligations and risks alone.

Following this consolidation, Petroperú entered into a contract with Petroloreto S.A.C., a subsidiary of the Egyptian firm Cheiron Holdings Egypt Limited, to reactivate production in the Marañón basin. Under this agreement, Petroloreto will hold a 75% stake and manage operations for 27 years, while Petroperú retains a 25% minority interest. The project involves a minimum investment of US$230 million intended for infrastructure rehabilitation and drilling, aiming to reach a production potential of up to 17,000 barrels per day.

By late 2026, Petroperú reported a significant financial turnaround. For the period of January to September 2026, the company reported a net profit of US$144 million, a sharp contrast to the US$745 million loss recorded during the same period in 2025. The company’s EBITDA rose to US$645 million. Economy Minister Elmer Cuba stated that the company has moved past the severe financial crisis that previously required government bailouts. To optimize costs, Petroperú projects annual savings of up to $180 million by purchasing crude oil directly from Ecuador for the Talara Refinery, with deliveries expected between November 2026 and September 2027.

Entities

Petroperú · Loreto · Elmer Cuba · Lote 192 · Government of Peru

Claims

What the coverage asserts, and how many sources carry each claim.

[● 3 SOURCES] Petroperú and Petroloreto signed a contract to reactivate production in Lote 192.
[● 3 SOURCES] Petroloreto holds a 75% stake in the Lote 192 contract.
[● 3 SOURCES] The required investment for the work program is at least US$230 million.
[● 3 SOURCES] Petroloreto is a subsidiary of Cheiron Holdings Egypt Limited.
[● 2 SOURCES] The agreement covers operations for the next 27 years.
[○ 1 SOURCE] Lote 192 has estimated reserves of 135 million barrels of oil.
[○ 1 SOURCE] The field has a potential production of up to 17,000 barrels per day.

Timeline

3 days ago

[BUSINESS] 2 sources
Petroperú reports net profit of US$ 144 million
Petroperú reported a US$ 144 million net profit for Jan-Sept 2026, signaling a recovery from previous massive losses despite ongoing operational and strategic debates.
16 days ago

[BUSINESS] 9 sources
Petroperú reports $600 million profit and strategic oil sector shifts
Petroperú reports a $600 million profit in 2026 amid strategic shifts, including a new partnership for Lote 192 and direct crude purchases from Ecuador to reduce costs.
23 days ago

[BUSINESS] 2 sources
Petroperú assumes full control of Lote 192 oil field
Petroperú has regained 100% control of the Lote 192 oil field in Loreto after the government transferred the 61% stake held by Altamesa Energy Perú back to the state company.

Sources

ahora.com.pe · conexionambiental.pe · construir.com.pe · construnoticias.com · desdeadentro.pe · elbuho.pe · globalenergy.mx · lahora.pe · minart.pe · petroleoenergia.com · proactivo.com.pe · stav.ba

This summary has been updated 2 times: see revision history