PERUPETRO S.A., Peru’s state-owned agency dedicated to promoting investment in the hydrocarbons sector, has officially launched the search for new investors for Offshore Block Z-69, a high-potential asset located in the prolific Talara Basin. This call marks a strategic opportunity for companies seeking to expand their upstream portfolios in one of South America's most promising energy markets.

As part of its mission to foster sustainable energy development and strengthen the hydrocarbons sector, PERUPETRO is inviting national and international companies to participate in the upcoming licensing process for Block Z-69 — an asset with proven reserves and still potential for future growth.

An Offshore Asset of Strategic Value

Block Z-69 currently produces approximately 3,500 barrels of oil per day and 40 million standard cubic feet per day of natural gas. These production levels are supported by discovered resources estimated at 42 million barrels of oil and 46 billion standard cubic feet of natural gas, confirming the asset’s capacity for continued commercial exploitation and long-term development potential.

The block includes five key fields — Peña Negra, Lobitos, Providencia, Litoral, and San Pedro — each offering well-established infrastructure and significant operational data. With the current Temporary License Contract with PETROPERÚ expiring on November 15, 2025, this licensing opportunity comes at a pivotal moment for investors ready to leverage the field’s strong fundamentals and maximize its untapped potential.

Interested companies must submit letters of interest via PERUPETRO’s Virtual Desk (https://bit.ly/3GjAcwP) by May 21, 2025, to participate in the process. Detailed technical and commercial data packages are available through PERUPETRO’s Data Bank (http://bancodedatos.perupetro.com.pe/), ensuring investors have access to comprehensive information to support strategic decision-making.

Peru: A Growing Hub for Hydrocarbon Investment

Beyond the immediate opportunity of Block Z-69, Peru stands out as a highly attractive destination for broader hydrocarbon exploration and investment. The country offers 124 hydrocarbon research areas distributed across onshore and offshore basins, presenting vast opportunities for companies seeking new frontiers for oil and gas development. Of these, 54 areas have been prioritized for promotion based on geological potential and strategic location.

Since 2023, Peru has successfully signed nine Technical Evaluation Agreements (TEAs), particularly in offshore and southern sub-Andean regions. Furthermore, 19 new TEAs are currently under evaluation, underscoring the confidence of international investors in Peru’s stable and competitive business environment.

Research also highlights significant gas potential in multiple basins, including Madre de Dios, Ucayali, Ene, Huallaga, and Santiago. Additionally, the area surrounding the renowned Camisea Project remains a hotspot for investment, offering access to world-class gas reserves with existing infrastructure and market access.

Extensive Technical Support for Investors

Peru’s hydrocarbon initiative is supported by a comprehensive inventory of 123 prospects, 249 leads, and 153 plays — a clear indication of the untapped potential awaiting investors. PERUPETRO provides free access to technical information via its online platform, offering a transparent, efficient, and informed investment process.

Investors can also benefit from personalized support from PERUPETRO’s dedicated Promotion and Contracts team, ready to assist with regulatory guidance, technical evaluation, and facilitation of investment activities.

PERUPETRO’s role extends beyond promotion: the agency is a strategic partner committed to ensuring investor success in Peru’s hydrocarbons sector. With a business-friendly regulatory framework, strong government support for energy development, and a focus on sustainable and responsible exploration, Peru offers an ideal environment for energy companies to grow and thrive.

Be Part of Peru’s Energy Future

The licensing process for Block Z-69 is a gateway to becoming part of Peru’s dynamic hydrocarbons sector at a time of renewed growth and opportunity. PERUPETRO welcomes companies with vision, technical expertise, and commitment to operational excellence to join this exciting journey.

For more information on Block Z-69 and other investment opportunities across Peru’s hydrocarbons sector, interested parties are encouraged to contact:

Seize the opportunity. Invest in Peru’s offshore future.

Comments

Comments