Supreme decrees 016-2020-EM and 017-2020-EM were published in the official gazette on 3 July 2020 approving the exploration and production license agreements for hydrocarbons in Block Z-67 and Block Z-68 respectively. The supreme decree is the most important step in the contracting process and now enables the final award contract to be signed between Perupetro and Tullow Limited Sucursal del Peru. Block Z-67 is in the southernmost portion of the offshore Trujillo Basin and the northernmost portion of the offshore Lima Basin while Block Z-68 is in the northern onshore Lima Basin. In January 2018, Tullow reported it had finished negotiations with Perupetro for license contracts for these areas as well as offshore blocks Z-64, Z-65 and Z-66. However, in May 2018, the Peruvian Energy and Mines Ministry repealed the decrees that were issued under impeached former president Pedro Pablo Kuczynski for the five blocks amid heightened opposition from lawmakers who noted irregularities in the decrees, which were signed the same day that Kuczynski resigned from office. The legislators, as well as residents and regional authorities argued that the contracts were awarded without a public process and prior consultation and that no environmental sustainability studies were conducted, among other criticisms. Since then, Tullow has continued to pursue license contracts for the areas with the Peruvians which have increased public engagement and transparency efforts. Tullow later signed the contract for Z-64 while Z-65 and Z-66 continue in the licensing process. Perupetro head, Seferino YesquÃ©n, said previously that Z-65 and Z-66 are in a âvery complicated zoneâ in terms of opposition.<P />
(Trujillo & Lima Basins) Supreme decrees 016-2020-EM and 017-2020-EM were published in the official gazette on 3 July 2020 approving the exploration and production license agreements for hydrocarbons in Block Z-67 and Block Z-68 respectively. The supreme decree is the most important step in the contracting process and now enables the final award contract to be signed between Perupetro and Tullow Limited Sucursal del Peru. Block Z-67 is in the southernmost portion of the offshore Trujillo Basin and the northernmost portion of the offshore Lima Basin while Block Z-68 is in the northern onshore Lima Basin.