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February 22, 2023
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Perupetro does not take concrete actions to sign new oil contracts, warns the Comptroller

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The Comptroller General of the Republic warned that it is not taking concrete actions to ensure the timely signing of new oil contracts. According to the control body, this happens despite the fact that the expiration of the contracts is near (between October and November of this year) in four lots located in Talara, Piura.

This situation, he specified, could affect the continuity of hydrocarbon production operations, the decrease in income to the State from royalties or the sale of oil, and the deterioration of oil facilities and equipment.

“Another risk is that there would be a lower transfer of fees and super-fees to beneficiary public entities, such as regional and local governments, universities, among others,” warned the Comptroller.

In the same way, it specified that the activities aimed at approving contracts for exploration and/or contracting demand time and compliance with deadlines, and as of the date of conclusion of the report, there was no evidence of the initiation or progress of a selection process by call or a direct negotiation for that purpose.

Once this step is completed, the approval of the contract project by the Board of Directors is also required. Perupetroas well as the final approval through a supreme decree endorsed by the heads of the Ministry of Energy and Mines, and the Ministry of Economy and Finance.

“In 2022, Perupetro received income from royalties and the sale of hydrocarbons in the amount of S/1,145,834,428 for the contracts of blocks I, V, VI-VII and Z-2B (close to expiration), according to the accounting information of said entity,” he added.

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