Petroperu to retain 25% stake in Block 192, partner to operate for 27 years

Peru's state oil company Petroperu will hold a 25% stake in Block 192, with a new strategic partner operating the field for 27 years. The block, in Loreto, holds over 120 million barrels of reserves. This marks a shift from Petroperu's earlier full ownership, potentially attracting investment to revive output.

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