Peru-Petro In compliance with its role as a promoter of investment in the hydrocarbon sector, it reported that it has been adopting actions aimed at guaranteeing the operational continuity of Lot Z-69, currently operated by Petro-Peru.
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In this framework, Peru-Petro indicated that during the years 2024 and 2025, efforts and coordination have been carried out to ensure production and the prompt hiring of a new operator through a competitive and transparent process, considering the expiration of the Temporary License Contract on May 15, 2026.
Likewise, as is public knowledge, Petro-Perú is the owner of 67 platforms, out of a total of 77, which constitute essential assets for the operation of the lot.
In this context, Peru-Petro specified that it has acted with due diligence and strict compliance with the legal and contractual framework, promoting from 2024 the necessary steps to structure an attractive bidding process for new operators for Lot Z-69.
Likewise, he pointed out that despite the requests submitted since 2024 and reiterated continuously during 2025 to date, Petro-Perú has not provided the essential information on the treatment of the assets it owns in Lot Z-69 for a new License Agreement.
This information was also requested from Proinversión, in accordance with the provisions of Emergency Decree No. 010-2025, published on December 31, 2025. The persistent absence of this information prevents the completion of the preparation of the bases of the competitive and attractive call process for investors interested in operating Lot Z-69, consequently, it significantly limits the possibility of attracting investors with technical and financial solidity.
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“Given the impossibility of continuing with a contract through a bidding process, due to the lack of information on the assets, an essential condition for calling the tender and, facing the upcoming expiration of the License Contract, Perú-Petro requested Petro-Perú, in accordance with the contract itself, to carry out the safe closure of its facilities to avoid environmental contingencies and subsequent liabilities.”, he noted.
Alternatively, in order to avoid the paralysis of operations and protect the interest of the State, Peru-Petro proposed to Petro-Peru and Proinversión extend the current Temporary License Agreement for 12 months.
This temporary measure would allow the operation to be maintained while a transparent and competitive process is completed that will allow the development of new investments in said lot to be promoted. However, to date, no concrete or favorable response has been received to this proposal, putting the operational continuity of Lot Z-69 at risk.
In that sense, Peru-Petro urged Petro-Perú to immediately deliver the information required to begin the bidding process as soon as possible and to comply with all necessary actions until the effective transfer of operations to a new operator.
