As of 25 October 2018, Hunt Oil Co., has approached the government to convert Technical Evaluation Agreements (TEA) LXVI, LXVII and LXVIII located in the Ucayali Basin into exploration contracts. The company has fulfilled all requirements linked to the TEA's including interpretation and processing of existing 2D seismic, final reports are thought to have been sent to Perupetro. The TEA's had a two-year term and is expected to end early next year.  Details on the blocks are as follows:          Hunt Oil Company TEA's         Â          Â          Â          Â              Country         Basin         Contract         Political Province         Operator Name         Ons Offshore         Sq km         Award Date             Peru         Ucayali         Area LXVI         Ucayali         Hunt Oil Co of Peru   LLC         Onshore         6813.55         15 February 2018             Peru         Ucayali         Area LXVII         Ucayali         Hunt Oil Co of Peru   LLC         Onshore         5134.82         15 February 2018             Peru         Ucayali         Area LXVIII         Ucayali         Hunt Oil Co of Peru   LLC         Onshore         5938.41         15 February 2018             Source: IHS Markit         Â          Â          Â          Â          Â          Â©   2019 IHS Markit        Â   If exploration contracts are negotiated the company plans to look for a partner once a contract is signed.  The blocks were awarded to Hunt in
As of 25 October 2018, Hunt Oil Co., has approached the government to convert Technical Evaluation Agreements (TEA) LXVI, LXVII and LXVIII located in the Ucayali Basin into exploration contracts. 