Overview
- - The Executive issued Supreme Decree No. 005-2026-EM on Saturday, extending the offshore Lote Z-69 license for up to three years and six months or until a new license starts.
- - The decree revises the royalty scheme and authorizes Perupetro to sign a contract addendum with state-owned Petroperú.
- - Lote Z-69 lies off Talara, Paita, and Sechura in Piura, and its crude feeds directly into the Nueva Refinería Talara for fuels sold in Peru.
- - The change rests on Perupetro Board Agreement No. 018-2026 and favorable technical and legal opinions from the Energy and Mines Ministry, with the measure exempted from ex-ante regulatory impact review.
- - The contract was first granted in November 2023 and amended in November 2025, and officials say the latest step supports local jobs and revenue in Piura while keeping national supply stable.