en.Wedoany.com Reported - Petroperú and the OIG Consortium (Consorcio OIG) jointly supervised the start of drilling operations at the Lote X Block, Peru's second-largest oil and gas producing area and the highest-yielding block in the Talara Basin. During the inspection, both parties verified the progress of work outlined in the investment plan, which is crucial for the country's oil and gas supply and the development of the energy industry. The OIG Consortium is composed of OIG Perú S.A.C., Aguaytía Energy del Perú S.R.L., and Termo Selva S.R.L.

During the site visit, the technical team inspected the work included in the investment plan committed by the OIG Consortium and Petroperú under the oil and gas extraction license contract for the block. According to the plan, 114 wells are expected to be drilled by December 2026, with an investment of $91 million, and a planned investment of $920 million over the next eight years.

The supervision verified the progress of drilling operations, the deployment of new equipment, and compliance with the scheduled timeline for this phase of the project. It also facilitated the exchange of technical experience between the two companies' teams and reaffirmed their shared commitment to safe, efficient, and environmentally responsible operations.

The Lote X Block operates under a 30-year oil and gas extraction license contract signed by OIG Perú S.A.C., Aguaytía Energy del Perú S.R.L., and Termo Selva S.R.L. (holding a 60% stake) with Petroperú (holding a 40% stake), pursuant to Supreme Decree No. 008-2024-EM dated May 19, 2024.

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