The oil company PetroTal plans to invest S/475 million in the lot 95in the Loreto region. This was reported in the framework of the announcement of its investment program for this year.
“The main objective of the investment plan is to increase the production of PetroTal 15% to 19% compared to 2022 levels, to reach an average of 14,000 to 15,000 barrels of oil per day (bpd),” the company reported.
The company said that the aforementioned S/475 million “will be used for the development of new horizontal wells and infrastructure in Block 95 (Loreto)”, which is currently the largest producer of crude oil in the country and the main generator of oil canon for the region.
The disbursement will also include the company’s social initiatives, among which the Puinahua District Development Fund stands out.
The PetroTal General Manager, Luis Pantojastated that the budget approved for this year confirms the company’s desire to continue investing in Peru, despite the difficulties faced by the hydrocarbons sector and the country as a whole.
“The Peruvian professionals and technicians who are part of PetroTal want to continue working to generate the progress and well-being of Puinahua, Loreto and the country through the development of a sustainable and efficient oil industry,” he said.
SOCIAL INVESTMENT
The company also reported that it foresees a social investment of approximately S/68 million during 2023.
About S/ 29 million of that amount corresponds to contributions to the Puinahua District Development Fund.
With this initiative, the company seeks to finance projects for the benefit of the population of the town where the Bretaña Norte field is located, as long as its operation and the transportation of its production do not suffer stoppages due to social conflicts.
“The company will allocate around S/ 38 million to the social projects and interventions it carries out in Puinahua, such as erosion control, infrastructure construction, connectivity, and the promotion of agriculture,” the oil company said.
