en.Wedoany.com Reported - The Peruvian government recently issued Supreme Decree No. 007-2026-EM, approving amendments to the concession contract for Block 131 (Lote 131) and authorizing the state oil company Perúpetro to sign the corresponding appendix with energy firm UCAWA ENERGY S.A.C. The core objective of this amendment is to implement a new development plan for the Los Ángeles oil field, encompassing drilling and well workover operations to boost production at the field.

The contract amendment will extend the production life of the Los Ángeles oil field and ensure the continuity of production activities in Block 131. This measure helps to effectively utilize the existing reserves of the field and maintain the sustained contribution of oil and gas operations to the regional economy.

At the same time, the appendix to the contract also adjusts the Social Development Fund (Fondo de Desarrollo Social) related to operations and continues to uphold commitments to promote development initiatives with communities surrounding the block.

The appendix also includes renaming the original contract contractor, CEPSA PERUANA S.A.C., to UCAWA ENERGY S.A.C. (with its corporate guarantor being Petrotal Corp.), ensuring consistency in the company name across all contract documents and obligation fulfillment.

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