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Peru's Perupetro Plans To Sign Six Contracts Before Year's End

LIMA -(Dow Jones)- Peru's state-owned Perupetro said Thursday that it plans to sign six contracts for hydrocarbon exploration and exploitation before the end of 2011. Perupetro President Aurelio Ochoa said during a press conference that the contracts will include clauses related to a new law aimed at improving consultation with indigenous communities. The legislation, known as the prior consultation law, was approved in September and is expected to be implemented in early 2012. Four of the contracts are to be signed by a consortium that includes Spanish oil company Repsol YPF SA (REPYY) and Ecopetrol SA (EC, ECOPETROL.BO), Ochoa said. The other two contracts will be signed by Emerald Energy Peru SAC, he added. -By Ryan Dube, Dow Jones Newswires; 51-945 043 802;peru@dowjones.com

Stock News for Engelhard (EC)
DateTimeHeadline
07/03/201410:26:23Statoil Divests Some Of Angola Block Stakes
04/25/201419:56:22Colombia's U'wa Indians Continue Oil Protests After Talks Fail
04/24/201422:40:13Colombia Aims to End Oil Companies, Indians Standoff
04/24/201421:57:32Colombia Aims to End Standoff Between Oil Companies, Indians...
04/24/201420:50:47Colombia Aims to End Standoff Between Oil Companies, Indians
12/09/201317:31:15ADR Shares End Mixed as Markets Digest Fed Officials' Speeches
11/07/201310:28:09Ecopetrol: Oil Exports to Asia saw "Significant Increase" in...
10/21/201315:17:14Brazil Awards Libra Oil Field Rights to Consortium of Petrobras...
09/20/201303:10:14Asian National Oil Companies Top Brazil Bidders
09/11/201315:54:08Ecopetrol of Colombia Sells $2.5 Billion in Bonds
09/11/201313:39:09Ecopetrol of Colombia in Market With $2.5 Billion Bond Sale
06/03/201303:18:17Quadrise Fuels Signs Latin America Memorandum with Ecopetrol...
05/24/201313:00:42Colombia's Cano Limon Pipeline Halted After Rebel Attack -Ecopetrol
04/12/201317:04:31ADR Shares End Lower Amid Downbeat U.S. Data, Cyprus Confusion
03/19/201311:28:44Oil Companies Seek Reforms in Peru to Reverse Declining Crude...
03/01/201303:55:10Skanska Gets $51 Million Oil Field Contract in Colombia
02/12/201314:02:50Colombia Rebel Bombings Shut Two of Ecopetrol's Main Oil Pipelines
01/23/201315:30:58Colombia Rebels Blamed Again for Cano Limon Pipeline Bombing;...
01/14/201313:16:49Colombia's Cano Limon Pipeline Resumes Pumping after Attack
01/09/201307:18:52Colombia Rebels Bomb Cano Limon Oil Pipeline; Pumping Halted

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