Peru in Talks with Omega Energy and Two Other Firms on Oil Block

Source: Reuters 8/17/2015, Location: South America

Peru is in talks with Omega Energy International and two other companies interested in operating the country's biggest oil block after a contract for the field failed to draw any bids last month, the government.

Energy and Mines Minister Rosa Maria Ortiz did not specify the names of the other two companies in televised comments on local broadcaster RPP.

Ortiz and Perupetro, the state agency tasked with finding a new operator of block 192, did not respond to requests for more information.

Ortiz did not say when Peru would pick a company to operate block 192 once current operator Pluspetrol's contract expires in 12 days.

But Ortiz said Omega Energy "is one of the companies with which negotiations have been happening."

However, she denied local media reports that Peru had already chosen Omega Energy, a privately held company that mainly operates in Colombia.

A 30-year-contract for block 192 drew zero bids in an auction last month, prompting Perupetro to seek a new operator via direct negotiations.

Block 192 produces about 12,000 barrels per day, nearly a fifth of Peru's relatively small output.


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