Cheiron is pleased to announce the signing of the Block 192 License, marking the Company’s entry into Peru and a significant milestone in its international growth.
Located in the Loreto region, Block 192 is Peru’s largest oil concession by reserves. Cheiron will lead the reactivation and long-term development of this strategic asset, with a firm commitment to operational excellence, environmental responsibility, and creating lasting economic and social value for local communities.
Cheiron values its partnership with PETROPERÚ and looks forward to working together to realize the full potential of Block 192. The Company recognizes PERUPETRO’s dedication and constructive efforts in advancing the development of Peru’s hydrocarbon resources for the benefit of the nation and extends its sincere appreciation to the Government of Peru for the trust and confidence placed in Cheiron to undertake the development of an asset of such strategic national importance.
Peru joins Egypt, Mexico, and Romania as Cheiron’s fourth market in its global portfolio, reflecting its long-term growth strategy and proven operational capabilities. This expansion complements Cheiron’s continued investment in Egypt, which remains central to the Company’s operations and commitment to national energy security.
Source: Cheiron
