Seferino Yesquén, president of the state agency, says that this year it would produce 60,000 barrels of oil per day.

The president of the state agency Perupetro, Seferino Yesquén, indicated that said entity intends to achieve the signing of 44 exploration contracts within the next five years.

For this year, the objective of Perupetro is to reach a production of 60,000 barrels of oil per day (BPD), as noted during the Peru Energy 2019 forum.

“The challenges [for the hydrocarbons sector] are not in the subsoil, but on the surface, mainly in the relationship with the communities, which is what will allow us to access the resources,” added Yesquén

Another of Perupetro’s objectives will be the execution of a committed amount of US $ 5,000 million in six lots over the next five years (2023), with the purpose of increasing production to 100,000 BPD.

“Despite the carbon it produces, oil and gas will continue to be the main sources of energy for the next 30 years. The Talara basin has been producing for more than 150 years and we continue to discover more resources. Talara is the main oil producer of Peru, “said Yesquén.

Among the achievements of Perupetro, the official highlighted the reduction of royalties in incremental production of lot X, the modification of the contract to encourage exploration in lot XIII, the signing of two technical evaluation agreements for areas LVIII and LXIX, the declaration of commercialization of lots 39 and 95, and the signing of the contract of lot Z-64.

“To manage our oil and gas resources, we must maximize the recovery of reserves, resolve contingencies of resources awaiting commercialization, and encourage the exploration of prospective resources to replenish reserves,” he added.