▫︎ It will take over the operation of the Los Angeles Field, which recorded a production of 817 barrels of oil per day (bopd) and has infrastructure to process up to 5500 bopd.

PetroTal Peru's parent company, PetroTal Corp. closing of the acquisition of Lot 131located between the Huanuco and Ucayali regions, through the purchase of Cepsa Peruana, the company that operated that asset.

"The acquisition of Lot 131 is a important milestone for the corporation and a fundamental step towards fulfilling our growth strategy with diversified production on Peruvian soil, which has the potential to grow in the near future," said Manolo Zúñiga, president and CEO of PetroTal Corp.

In the Los Angeles field of Lot 131, production was recorded in 817 barrels of oil per day (bopd) on average between January and last September.

Its existing infrastructure has the capacity to process a production of up to 5500 bopd which will enable PetroTal Corp. to drive further operational development in Los Angeles.

The crude oil from this field is 45º APIThis feature will allow the development of a commercial synergy with the heavy crude oil extracted from the Brittany field of the Lot 95 (Loreto), operated by PetroTal Peru.

The corporation estimates that the proven recoverable reserves (1P) of Block 131 2 million barrels of light crude oiland estimates its proven plus probable (2P) reserves at 4.2 million barrels.  

"Our technical team has identified numerous synergies between the assets of lots 131 and 95. We plan to apply modern drilling techniques in the Los Angeles field, as well as in Brittany, for which we are completing a development plan," concluded Manolo Zuñiga.