Peru to hold bid round in June Northwestern fields’ contracts about to expire Bid round Peru’s first since Tullow Oil in 2018 Peru’s government plans to call for bids in June for up to seven crude oil producing blocks on its northern coast as production dwindles. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The blocks in the Talara Basin, both onshore and offshore, lie in mature fields whose contracts are close to expiration, oil contracting agency Perupetro said in a Jan. 21 email to S&P Global Platts. The Talara Basin has been operating for over a century, with most blocks in the area producing less than 500 b/d. The bid round represents the first attempt to attract investment to Peru’s hydrocarbons sector since the country’s Congress annulled E&P contracts awarded to Ireland’s Tullow Oil in 2018. The move comes as Peru’s […]