Peruvian sources in early December 2017 indicate that Spain's Repsol received a new technical evaluation award (TEA) for Block LXIII in the Ucayali Basin. The block is located between Gran Tierra blocks 133 and 107 and Cepsa Block 131 with the southern portion of the block reaching the northern edge of Pluspetrol Block 108 in the Ene Basin. The block is similar to the previous Block 195 at 3,400 sq km. However, Block LXIII extends much further to the south adding about 40% more area from the existing open area in the south. The newly awarded block is believed to have high potential for gas and oil discoveries. Only about one month earlier, Peru awarded 15 TEA contracts. Seven of the TEA's were awarded to Repsol for blocks LIII, LIV, LV, LVI, LVII, LXI and LXII with a total area of 48,842 sq km. Blocks LXI (7382 sq km) and LXII (7456 sq km) were awarded to Repsol as partially explored blocks in the Ucayali Basin. <P />
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