Country Report
Peru upstream summary
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Oil production mainly comes from the northern part of the country, while gas is produced in the south. Historically, most production came from the Talara and Maranon basins and was mostly heavy oil. Struggling to increase production to at least the 2000s levels, Perupetro has set an ambitious target of reaching 100kb/d by 2026 from onstream assets. Although the Talara refinery capacity expansion from 65kb/d to 95kb/d represents a step forward to meeting the target. Above-ground issues must ...
Table of contents
- Executive summary
- Key facts
- Location maps
-
Key companies
- NOC
- International players
-
Geology
- Introduction
-
Sub-Andean basins
- Paleozoic - Jurassic
- Cretaceous - recent
-
The Marañon basin
- Source rock
- Reservoir rocks
- Seals
-
The Ucayali basin
- Source rocks
- Reservoir rocks
- Seals
-
Madre de Dios basin
- Source rocks
- Reservoir rocks
- Seals
- Fore-arc basins
-
Talara basin
- Source rocks
- Reservoir rocks
- Seals
-
Exploration
- Licensing
- Early licensing
- 1993 to the present day
- Offshore
-
Drilling
- Drilling activity
- Onshore
- Offshore
- 1 more item(s)...
-
Reserves and resources
- Liquids
- Gas
-
Production
- Liquids
- Gas
-
Infrastructure
- Oil infrastructure
- Pipelines
- Refineries
- Gas infrastructure
- LNG
-
Pipelines
- Ucayali basin
- Talara basin
-
Policy and regulation
- Key legislation
- Regulatory body
- State oil company
- State participation
- Licensing
-
Fiscal terms
- Overview
- Upstream
- Midstream
- Current fiscal terms
-
Licence (concession) contracts
- Basis
- Government equity participation
- Fiscal terms
- Royalty
- Corporate income tax
- Additional petroleum tax
- Fiscal treatment of decommissioning costs
- Product pricing
- 2 more item(s)...
- Active legacy terms
-
Licence contracts
- Royalty
-
Service contracts
- Fiscal terms
- Service fee
- Product pricing
- 6 more item(s)...
Tables and charts
This report includes the following images and tables:
- Key facts: Table 1
- Country Map
- Reserves and contingent resources at 01/01/2025
- Liquids and Gas Production 2024
- Net Acreage 2025
- Basin Map
- Licence Activity
- Exploration Drilling by Region
- Reserves and resources: Table 1
- Production: Table 1
- Production: Table 2
- Liquids production by basin
- 29 more item(s)...
What's included
This report contains:
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