As of 20 May 2018, Grana y Montero Petrolera S.A. (GMP) has plugged and abandoned as dry the Lagunitos-13433X exploration well located in the Talara Basin in the northwestern part of Block III.  The well was spud 30 March 2018 and reached a total depth of 6,865 ft (2.092 m). The well was targeting objectives in the Mal Paso and Salina Mogollon formations. The objectives were logged with no shows recorded and the well was P&A as of 18 May 2018.  The 357.23 sq km Block III was awarded to Grana y Montero Petrolera S.A. on 5 April 2015 and placed in Force Majeure in September 2016 however it is believed the Force Majeure was lifted earlier this year. The development contract has a 30-year term which will require a total of 230 development wells to be drilled.
Lagunitos-13433X (Grana y Montero Petrolera 100%) in Block III, P&A, dry.