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Gas relief for Peru’s government

Author: Naomi Mapstone, Financial Times, Published on: 15 October 2010

Of the 100 oil and gas contracts Peru has now signed with foreign investors, 89 are for exploration. And most are in the Amazon. More than 70 per cent of Peru’s Amazon is already covered by oil and gas exploration concessions, and companies such as Hunt Oil, Repsol and Perenco have run into opposition from environmental and indigenous groups...Last month, Peru’s constitutional court ordered the government to improve its consultation process with indigenous communities...Daniel Saba, head of PeruPetro, says no protected areas or indigenous lands recognised by the Peruvian government are included in the latest 14 concessions... [also refers to Petrobras, Repsol, Ecopetrol, Emerald Energy (part of Sinochem), Tecpetrol, Pitkin Petroleum, Hydrocarbon Exploration, Hunt Oil, Perenco]

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Related companies: Ecopetrol Hunt Oil Perenco Perupetro Repsol YPF Sinochem