[REVISION HISTORY]
Petroperú management of Lote 192 oil field
2 recorded revisions of this situation.
What changed
2026-10-28 00:04 UTC → 2026-11-08 19:00 UTC ·
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removed
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 positive EBITDA of $600 million, signaling a recovery from previous financial crises and significant losses. This turnaround follows state-led financial rescues and turnaround. For the management period of January to September 2026, the company reported a $2 billion international credit line used net profit of US$144 million, a sharp contrast to secure fuel supplies 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 Amazon region. company has moved past the severe financial crisis that previously required government bailouts. To further optimize costs, the company 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.
Versions
- 2026-11-08 19:00 UTC Petroperú management of Lote 192 oil field
- 2026-10-28 00:04 UTC Petroperú management of Lote 192 oil field
- 2026-10-26 15:13 UTC Petroperú management of Lote 192 oil field
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