Altamesa Energy acquires 61% stake in Peruvian oil block
Altamesa Energy Perú SAC has signed a contract with Petroperú SA and Perupetro to become operating partner in Peru’s Block 192 with a 61% interest. Petroperú maintains a 39% stake in the consortium (OGJ Online, Feb. 21, 2024).
The work program established in the license contract, the consortium must drill 41 development wells and one exploratory well during the first period of the exploitation phase.
To finance development, Altamesa signed a US$26-million letter of credit with BTG Pactual, allowing the Canadian company to consolidate its position as the operating partner in one of the country's main oil fields.
Block 192 lies in Andoas district, province of Datem del Marañón, districts of Tigre and Trompeteros, in the Loreto region. It has produced 737 million bbl of oil, the highest accumulated production in the Marañón basin.
To date, Petroperú has been carrying out pre-operational work in the block for its reactivation and subsequent start of oil production.
Camilo Ciruzzi | South America Correspondent
Ciruzzi is a journalist based in the Argentine province of Río Negro. He has over 30 years of experience in radio and print media. Ciruzzi studied Communication Sciences at the University of Buenos Aires and specialized in energy, political economy, and finance.
