SPT Energy wins 30-year Talara Oilfield development contract in Peru

SPT Energy Group Inc. has won the bid for the development project for Block VI of the Talara Oilfield in Peru. The company received formal notification on November 22, 2025, from PERUPETRO S.A., granting signing rights for the hydrocarbon extraction license agreement. SPT Energy Group will be fully responsible for the project's development and operation, with oil exploitation rights for a period of 30 years.

The Talara Oilfield, located in the Talara Basin of Piura Province, Peru, is a mature resource area. SPT Energy Group plans to advance development and production through comprehensive technical measures, including old well remediation, new well drilling, and enhanced oil recovery technologies, aiming for stable production and high-quality development.

This award is a key step in the group's South American oil and gas development, strengthening its overseas market presence and industry influence. The group leveraged its expertise in oil and gas field development and operations, project management, and international service capabilities, strategically selecting blocks with established production foundations to minimize preliminary investment risks.