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Peru: PetroTal completes agreement with Petroperu on enhanced oil sales contract
19 Jan 2021
PetroTal has announced that it has executed final agreements with
Petroperu to complete the restructuring of the contingent liability referenced in PetroTal’s June 12, 2020 press release and to
extend the oil sales contract with Petroperu for an additional two years.
Highlights
Oil sales to Petroperu under the Oil Sales Contract for deliveries through the Northern Oil Pipeline (“ONP”) have been extended for an additional two years beyond December 23, 2020;
At PetroTal’s expense, Petroperu will place commodity price hedges on all oil sold through the ONP, after the oil is delivered by PetroTal to Pump Station # 1 at Saramuro, which will substantially limit PetroTal’s exposure to the impact of oil price fluctuations in the period until Petroperu ultimately sells the oil from the Bayovar port; ....

Manuel Pablo Zuniga Pflucker , Northern Oil Pipeline , Oil Sales Contract , Gran Tierra Resources Ltd , Pump Station , Oil Sales , Third Party Sale , Gran Tierra Resources , Remus Horizons , Pablo Zuniga Pflucker , Chief Executive Officer , E Ampp News , Oil And Gas Exploration , Exploration And Production , Energy Pedia , Geological And Geophysical , Alternative Energy , Heavy Oil , Oil And Gas Condensate , Licence Round , Oil And Gas Ministry , Oil Companies , வடக்கு எண்ணெய் குழாய் , எண்ணெய் விற்பனை ஒப்பந்த , கிரான் டியெர வளங்கள் லிமிடெட் , பம்ப் நிலையம் ,