Government extends the operational life of the Los Ángeles field in Lot 131 to strengthen national hydrocarbon production.

The Executive Branch approved, through Supreme Decree No. 007-2026-EM, the modification of the License Contract for the Exploration and Exploitation of Hydrocarbons in Lot 131, with the objective of extending the useful life of the Los Ángeles deposit, contributing to the continuity of national hydrocarbon production and the sustainable use of the country's energy resources.

The modification was approved following the technical and legal evaluation carried out by the Ministry of Energy and Mines (MINEM), in response to the proposal submitted by PERUPETRO, to ensure the continuity of operations at the oil field located in the district of Tournavista, province of Puerto Inca, in the Huánuco region.

The extension of the field's useful life will allow for the maintenance and enhancement of the economic benefits associated with oil activity in its area of influence, contributing to local development, job creation, and the sustainable use of the country's energy resources.

In addition, the amendment includes improvements to the clause related to the Social Development Fund, increasing its contribution from 1.51% to 2.51% of the value of taxed hydrocarbons. This increase will strengthen the financing of sustainable development projects for the benefit of communities located in the area of influence of the Los Ángeles field, promoting greater coordination between hydrocarbon activities and community well-being, as well as a more equitable distribution of the benefits generated by the use of natural resources.

Similarly, the contractor company's corporate name is updated, reflecting the change from Cepsa Peruana to Ucawa Energy, ensuring the contract is adequate for the current corporate situation.

Finally, Perupetro is authorized to sign with Ucawa Energy the modification of the License Contract for Block 131, reaffirming the State's commitment to promoting the efficient use of energy resources, encouraging private investment, and contributing to the country's sustainable development.

The MINEM reaffirms its commitment to reactivating national hydrocarbon production, strengthening energy security, and promoting responsible investments that contribute to the economic and social development of the regions where this activity takes place.