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10% of Oil Production at Risk: Lot Z-69 Could Close Operations on May 15, if Government Does Not Issue Decree
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On Friday, May 15, the Z-69 Lot License Agreement (Piura), currently operated by Petroperú, expires. This is the third largest batch of oil production in the country, representing 10% of the total. The Z-69 Lot, located in front of the Piura provinces of Talara, Paita and Secura, produces about 3,400 barrels of oil per day and has 540 producing wells and 77 marine platforms. Perupetro, an entity that, on behalf of the State, is in charge of mana…
·Lima, Peru
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