President Martin Vizcarra on Wednesday affirmed private investment in Loreto region-based Block 95's exploration stage is a sign of confidence in Peru's economic strength.
According to the Head of State, the Inca country has great potential for the development of economic activities in diverse sectors by taking advantage of its natural resources, such as
hydrocarbon exploitation.
Likewise, the project will start on December 1 and require an investment of approximately US$365 million in the next three and four years.
"This investment is welcomed. It will be carried out in accordance with the Energy and Mines Ministry's (MEM) guidelines, with
respect for the environment and social responsibility in order to
benefit the population," the top official expressed.
"Thank you very much for believing in our country," he added.
President Vizcarra was joined by Energy and Mines Minister Francisco Ismodes and PetroTal Peru General Manager Ronald Egusquiza on this occasion.