Lot X: Drilling Plan Begins to Boost Hydrocarbon Production

Petroperu and the OIG Consortium—comprised of OIG Perú S.A.C., Aguaytía Energy del Perú S.R.L., and Termo Selva S.R.L.—conducted a joint supervision visit marking the start of drilling operations in Lot X, the country's second-highest hydrocarbon-producing block and the most productive in the Talara basin. During the site visit, they verified the progress of works outlined under the investment plan, whose output is critical to the supply of hydrocarbons and the development of the nation's energy industry.

During the walkthrough, technical teams inspected tasks that form part of the investment program committed to by the OIG Consortium and Petroperu under the license contract for hydrocarbon exploitation in the block. As part of this plan, the drilling of 114 wells is estimated through December 2026, representing a US$ 91 million investment and a projected investment of US$ 920 million over the next eight years.

The oversight visit served to verify the progress of drilling activities, the deployment of new equipment, and compliance with the schedule established for this phase of the project. Furthermore, it fostered the exchange of expertise between the technical teams of both companies and reaffirmed their joint commitment to a safe, efficient, and environmentally responsible operation.

Lot X operates under a 30-year license contract for hydrocarbon exploitation signed between OIG Perú S.A.C., Aguaytía Energy del Perú S.R.L., and Termo Selva S.R.L., which together hold a 60% stake, and Petroperu with the remaining 40%, in compliance with Supreme Decree N.° 008-2024-EM dated May 19, 2024.