PETROPERU SEEKING BUYER FOR PRODUCTIVE OFFSHORE TRACT

Petroleos del Peru (Petroperu) is seeking a buyer for its Petromar offshore exploration and production unit. Peru's national oil company wants to sell Petromar acreage, production, and production installations on Block Z 2b for $200 million, payable at $10 million/year for 20 years, plus a share of future production. Petroperu proposes to close the bidding process Oct. 2, name a buyer by Oct. 19, and hand over Block Z-2b operations by January 1993.