Andina

Peru: Camisea, US$455.4 million in royalties

Camisea Petroleo Hidrocarburos Pozo

Camisea Petroleo Hidrocarburos Pozo

16:23 | Lima, Oct. 14.

Peru's Camisea Consortium announced Wednesday that royalty payments to Peruvian State from natural gas operations amounted to US$455.4 million as of September 2015.

The result means an increase taking into account the enterprise paid US$419.9 million up to August.

These resources are distributed according to the current Canon Law, corresponding to the regional government of Cusco and Municipal governments about 50 percent of the amount; that is, US$ 17.75 million in September.

Since the project was started in 2004, Peru-based consortium Camisea has paid the Peruvian government US$7.697 billion in royalties.

The Camisea fields, located in the southern region of Cusco, hold some of Latin America's largest natural gas reserves.

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Published: 10/14/2015