Andina

Peru approves signing of 3 hydrocarbon exploration contracts with Anadarko

OPEP: Crisis de Irak no afecta producción de petróleo

OPEP: Crisis de Irak no afecta producción de petróleo

17:03 | Lima, Sep. 18.

U.S. Anadarko Petroleum Corporation, one of the world's largest independent oil and natural gas exploration, as well as production companies, will begin hydrocarbon exploration in Peruvian waters, thus confirming investors' interest in the Inca country, State-run Perupetro has announced.

"Anadarko decided to invest here, attracted by the country's hydrocarbons potential and favorable economic conditions, which consolidates Peru's image as an attractive destination for foreign investment," it indicated.

Perupetro is the State company responsible for promoting, negotiating, underwriting and monitoring contracts for exploration and exploitation of hydrocarbons in the South American nation.

On Monday, the Executive enacted three supreme decrees approving license contracts for hydrocarbon exploration and exploitation in Blocks Z-61, Z-62 and Z-63 with Anadarko.

The blocks are located on the continental shelf along the coast of Northern Lambayeque and La Libertad regions, north of Lima.

New horizons for exploration

According to Perupetro, the entry of this new operator into the country will open up new horizons for deep-sea exploration in the Inca nation.

Moreover, deep-sea exploration in the northern area will have a positive impact on northern regions' economic and technology development.

"These three new contracts ratify large oil companies' interest in investing in hydrocarbon projects and, most importantly, consolidate Peru's status as an attractive destination for foreign investment," the organization reiterated.

(END) MDV/MDV/RMB/MVB

Published: 9/18/2017