MINEM: Executive Guarantees Operational Continuity of Block Z-69 to Strengthen the Country's Energy Security

The Executive Branch approved, through Supreme Decree No. 005-2026-EM, the extension for 3 years and 6 months, counted from the effective date, of the Hydrocarbon Exploitation License Agreement for Lot Z-69, managed by Petroperú, ensuring the operational continuity of one of the main offshore hydrocarbon fields off the coasts of Talara, Paita, and Sechura, in the Piura region.

The measure will allow for the continued supply of hydrocarbons and contribute to strengthening national energy security, in line with the Government's policy aimed at reactivating national production and promoting responsible investments in the hydrocarbon sector.

The continuity of operations in this block, considered a strategic field for the country's energy supply, will allow for an increase in national hydrocarbon production, revitalize the local economy, promote direct and indirect job creation, and strengthen revenue from canon and royalties, benefiting the region.

The crude oil produced in the Block is transported directly to the New Talara Refinery for processing and transformation into high-quality fuels for the domestic market, thus contributing to the strengthening of the hydrocarbon value chain and the improvement of fuel quality in the country.

The MINEM reaffirms its commitment to continuing to promote the sustainable development of the hydrocarbons sector, encouraging responsible investments aimed at strengthening the country's energy security, reactivating national production, and contributing to the development of the regions.