▫︎ This is the best start to the year in the company's history, emphasizes its general manager.
▫︎ PetroTal participates, together with the central, regional and local governments, in a Technical Round Table that will prioritize productive development projects in Puinahua.

During the first quarter of this year, PetroTal, the operator of the Lot 95 (Loreto), reached a average production of 18,518 barrels of oil per day (bopd).

The company explained that this result represents an increase of 23% compared to the last quarter of 2023.and 54% in the year-on-year comparison. He also highlighted that in the last 30 days its production reached 20,500 bopd on average.

Guillermo Flórez, PetroTal's general manager, pointed out that it is the company's best start of the year in terms of production and that this record has been accompanied by good financial results due to the rise in oil prices. "We have achieved this goal thanks to the commitment of our entire team," he remarked.

Increased production from the Brittany North Field generates an increase in oil royalty transfers for Loretoand especially for Puinahuawhich, in addition to the resources from this item, will benefit from an increased contribution from PetroTal to the so-called Fund 2.5created to finance development projects in the district, said Guillermo Flórez.

The favorable flow of the river along the route through which production from Block 95 is transported was one of the factors that influenced the company's productive and commercial performance, in addition to the uninterrupted drilling of horizontal wells.

In this regard, PetroTal's general manager pointed out that well 17H began producing on March 1The plant has an average yield of 4000 bopd during the first 30 days or so, and after the installation of its submersible electric pump two weeks ago, it reached an average of 4500 bopd.

Currently, the company is drilling the 18H well, which should start producing next May.. "With 17H and 18H we will reach a total of 19 producing wells that, we hope, will allow us to achieve record results in the first half of the year and at the end of the year," he added.

Erosion control in Puinahua. PetroTal continues to advance with its preventive erosion control program, which aims to protect the Bretaña Norte field and Bretaña, the district capital, from the natural erosion caused by the flow of the Puinahua river. At the moment, the company is processing the respective permits, which it expects to obtain within the deadlines established in the legal framework, and is developing the engineering to begin construction of the project in the third quarter of the year.

Technical Table.  Guillermo Flórez welcomed the installation of the Technical Committee that will attend to Puinahua's needs related to productive development projects, and emphasized that it was a commitment made to the community. This space for dialogue - where the State, regional and local authorities and PetroTal participate - has as its first point the prioritization of investment projects, which will consider the diagnosis presented by the company as part of the Concerted Local Development Plan that it has been working on with the Municipality of Puinahua.