Compania Espanola de Petroleos S.A.U. (CEPSA), as part of its current exploratory work in Peru, has drilled an exploratory well which is yielding encouraging results in block 131 of the Ucayali basin to the east of Lima. Additional work will be done to evaluate these preliminary results, which will enable us to determine the viability of the project.
Los Angeles 1XST is the first exploratory well that CEPSA has drilled in Peru since it started operating in the country in 2007. It currently holds three exploratory licences in the Maranon basin (block 130), to the north of the country and from Ucayali, to the east: blocks 114 and 131, in which CEPSA has 100%, 60% and 70% shares, respectively.
CEPSA will continue to work in the area in accordance with its commitment to establish an environment of trust and integration with the communities in the areas where it operates and to show the utmost respect for the environment, giving priority to people's safety.
