We are an oil company led and operated by Peruvians.
Our socio-environmental approach has succeeded in attracting significant foreign venture capital investment to the Loreto region and Peru, with the commitment to generate development for the country and for the oil industry.
Our operations began in December 2017 and we are currently one of the main oil producers in the country.
We are the operator of the license agreement for Block 95, located in Loreto, and Block 107, located in part of the Huanuco and Pasco regions, where we are conducting operations and exploratory projects.
Block 95
Block 95 is located in the northwestern area of the Peruvian territory, on the eastern slope of the Andes Mountains, in the districts of Puinahua, Capello, Maquia, Emilio San Martin and Tapiche; in the province of Requena, Loreto region, Peru. We are currently in the Exploitation Phase of the license agreement.
As of December 1, 2018, from PetroTal Peru we communicated Perupetro our Declaration of Commercial Discovery, concluding a three-year retention period and initiating the Exploitation Phase in the License Agreement for the Block 95.
On November 29, 2018 through Supreme Executive Decree N° 033-2018-EM, the change of corporate name from Gran Tierra Energy Perú S.R.L. to PetroTal Perú S.R.L. and the change of Corporate Guarantor to PetroTal Corp were approved.
The License Agreement for Block 95 was initially signed with Harken del Peru on April 7, 2005, with an effective date of June 6, 2005. Subsequently, Gran Tierra Energy
Peru S.R.L was incorporated to the agreement, which completed the six exploratory periods of the agreement.
Block 107
Block 107 is located in part of the regions of Huánuco, province of Puerto Inca, and Pasco, province of Oxapampa. We are currently in the Exploration Phase of the license agreement.
The License
Agreement for Block 107 was signed on September 1, 2005. On December 15, 2018,
through Supreme Decree 034-2018-EM, the change of Corporate Guarantor from Gran
Tierra Energy Perú S.R.L. to PetroTal Corp. was approved.
Four exploratory periods were conducted and the current fifth exploratory period will last three years, in which the drilling of two exploratory wells must be executed.
We are currently preparing the drilling permits. Furthermore, we are working on the Modification of the Environmental Impact Study for the Constitución Sur project, and the Modification of the Semi-Detailed Environmental Impact Study for the Osheki and Kametza locations.
OUR STORY
- JANUARY 1:
Start of operations in Block 95.
- JUNE 1:
Extraction of the first barrel of crude oil. - JUNE 4:
Completion of the first crude oil shipment. - DECEMBER 1:
Declaration of “Commercial Discovery”, which marks the beginning of the Bretaña Norte field production project in Block 95.
- FEBRUARY 27:
Drilling of the exploratory well called “Well 95-2-2-2 XD” begins. - MAY 27:
Approval of the Detailed Environmental Impact Assessment (DEIA) of the Bretaña Norte Oil Field Development Project – Block 95. - JUNE 28:
Drilling of the first water injector well, called BN95-2-2-2 WD, begins. - AUGUST 18:
Drilling begins on horizontal well 95-2-2-4H, the first horizontal well completed with water control technology as an Autonomous Inflow Control Device (AICD). - SEPTEMBER 12:
PetroTal and the Natural Protected Areas Service (SERNANP), sign an Inter Institutional Cooperation Agreement, with the purpose of implementing environmental conservation and social development measures for the Bretaña Norte Oil Field Development Project – Block 95. - OCTOBER 19:
Beginning of the 5H horizontal well drilling. - DECEMBER 1:
Beginning of the Integrated Technical Assistance Project (ITAP), which includes the development of productive projects for the benefit of the localities of the Puinahua district. - DECEMBER 30:
Completion of the construction of the loading dock for the population of Bretaña.
- FEBRUARY 18:
Beginning of the 6H well drilling. - DECEMBER 1 TO 18:
Completion of the first load of crude oil for export test to Brazil.
- JANUARY 9:
With the construction of Ferrenergy’s new power generation plant, PetroTal achieves to change its energy matrix from diesel to crude oil, to conduct its activities in the Bretaña Norte Oil Field – Block 95.
OUR STORY
- JANUARY 1:
Start of operations in Block 95.
- JUNE 1:
Extraction of the first barrel of crude oil. - JUNE 4:
Completion of the first crude oil shipment. - DECEMBER 1:
Declaration of “Commercial Discovery”, which marks the beginning of the Bretaña Norte field production project in Block 95.
- FEBRUARY 27:
Drilling of the exploratory well called “Well 95-2-2-2 XD” begins. - MAY 27:
Approval of the Detailed Environmental Impact Assessment (DEIA) of the Bretaña Norte Oil Field Development Project – Block 95. - JUNE 28:
Drilling of the first water injector well, called BN95-2-2-2 WD, begins. - AUGUST 18:
Drilling begins on horizontal well 95-2-2-4H, the first horizontal well completed with water control technology as an Autonomous Inflow Control Device (AICD). - SEPTEMBER 12:
PetroTal and the Natural Protected Areas Service (SERNANP), sign an Inter Institutional Cooperation Agreement, with the purpose of implementing environmental conservation and social development measures for the Bretaña Norte Oil Field Development Project – Block 95. - OCTOBER 19:
Beginning of the 5H horizontal well drilling. - DECEMBER 1:
Beginning of the Integrated Technical Assistance Project (ITAP), which includes the development of productive projects for the benefit of the localities of the Puinahua district. - DECEMBER 30:
Completion of the construction of the loading dock for the population of Bretaña.
- FEBRUARY 18:
Beginning of the 6H well drilling. - DECEMBER 1 TO 18:
Completion of the first load of crude oil for export test to Brazil.
- JANUARY 9:
With the construction of Ferrenergy’s new power generation plant, PetroTal achieves to change its energy matrix from diesel to crude oil, to conduct its activities in the Bretaña Norte Oil Field – Block 95.
OUR PURPOSE
To create value and develop more opportunities for the well-being of all.
OUR VALUES
We strive to ensure that our corporate values prevail in the nature of our employees and in their daily actions.
Safety
People first. We proactively participate in the care of all people, the environment and PetroTal's assets.
Integrity
We act with rectitude and honesty, always keeping our values in mind.
Responsibility in everything we do
We take responsibility and fulfill our obligations to the environment, to safety and to our communities, and we accomplish that with respect.
Commitment to our work
Our efforts and dedication are focused on giving our best to achieve the well-being of all.
We trust our people
We are a team with human quality and excellent professionals having experience and potential for the achievement of our purpose.
OUR CORPORATE GOVERNANCE
Our policies, regulations and manuals establish the guidelines to fulfill our objectives as a company, defining our process management and ensuring a solid, transparent, and efficient operation in the extractive sector.
- Safety, Health, Environmental Management and Social Responsibility Policy
- Human Rights Policy
- Code of Conduct and Ethics in Businesses
- Anti-Bribery and Anti-Corruption Sanctions Compliance Policy
- Crime Prevention Policy
- Human Resources Policy
- Conflict of Interest Policy
- Whistleblower Policy
- Occupational Health and Safety Regulations
- Integrated Management System Manual
- Occupational Health and Safety Management System Manual.
- Environmental Management System Manual.
- Occupational Health Manual.