PeruPetro signed, with an effective date of 14 December 2017, eight technical evaluation agreement (TEA) licenses for Global Petroleum in the Southern Andes mountain area of Peru. The TEA licensed blocks are XLV, XLVI, XLVII, XLVIII, XLIX, L, LI and LII. The block commitments consist of acquiring over 10,000 km of gravity and magnetics and conducting field geology on the blocks. Objectives are conventional and non-conventional hydrocarbons. Global has been working to obtain the blocks since late 2015, early 2016. Century Petroleum was also involved in requesting blocks in the area but appears to not be involved in the current TEA licenses granted. Companies in Peru with TEA contracts have preferential rights to renegotiate these as license contracts after filling the commitments.
PeruPetro signed, 8 TEA licenses for Global Petroleum in the mountain area of Peru. The TEA licensed blocks are XLV, XLVI, XLVII, XLVIII, XLIX, L, LI and LII.