PERUPETRO S.A. is the State company, on behalf of the Peruvian State and it is responsible for promoting, negotiating, underwriting and monitoring contracts for exploration and exploitation of hydrocarbons in Peru.
The purpose of PERUPETRO includes:
- To promote hydrocarbons investment in exploration and exploitation activities.
- To negotiate, execute and monitor contracts and technical evaluation agreements.
- To train and manage others through the data bank with information related to hydrocarbon exploration and exploitation, may dispose of it in promoting the participation of the private sector, as well as for dissemination purposes to promote investment and research.
- To assume the appropriate payment of fee and income participation.
- To commercialize only through third parties under the principles of free market, hydrocarbons from the areas under the contract, which property will be.
- To deliver to the Treasury, the day after they are collected, revenue as a result of contracts.
- To propose to the Ministry of Energy and Mines other policy options related to hydrocarbon exploration and exploitation.
- To participate in the development of sector plans.
- To coordinate with the corresponding entities, compliance with the provisions related to environmental preservation.
