Peru is making preparations to offer new acreage to potential investors this year as part of an effort to replace hydrocarbons reserves, which have continued on a downward trend since the oil price meltdown in 2014.
The government's hydrocarbons regulator Perupetro first intends to offer Block 201 in the Ucayali basin where it aims to attract potential operators and engage with local communities by offering them relevant information on the licensing process.
