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Petrotal Corp T.TAL

Alternate Symbol(s):  PTALF

PetroTal Corp. is an oil and gas development and production company focused on the development of oil assets in Peru. The Company is engaged in the exploration, appraisal and development of oil and natural gas in Peru, South America. Its flagship asset is its 100% working interest in Bretana oil field in Peru's Block 95. Through its two subsidiaries, the Company is engaged in the ongoing development of hydrocarbons in Block 95 with a focus on the development and production from the Bretana oil field. In addition to further leads in Block 95, the Company has significant exploration prospects and leads in Block 107. The Bretana oil field is located in the Maranon Basin of northern Peru. The Company has a 100% working interest in the Bretana oil field. Block 107 has three additional leads, inclusive of the Osheki-Kametza prospect.


TSX:TAL - Post by User

Post by BryStockGuyon Nov 03, 2021 9:45am
137 Views
Post# 34081512

Petroperú: Threaten to set fire to pipeline

Petroperú: Threaten to set fire to pipelineThat, plus the promises that former Prime Minister Guido Bellido did not keep, has exacerbated the communities, It is not just about oil and mining conflicts; we are facing total instability , said Beatriz Alva Hart. Petroper: Threaten to set fire to pipeline Politics Petroper: Threaten to set fire to pipeline Intake of Station 5 of the North Peruvian oil pipeline has not been looking for solutions for almost a month. A former Petroper official pointed out that the measure of force is due to the government's neglect. Blocking. The stoppage of Station 5 of the ONP in Loreto has been generating millions of dollars in losses. (Photo: Petroper) Blocking. The stoppage of Station 5 of the ONP in Loreto has been generating millions of dollars in losses. (Photo: Petroper) PER21 NEWSROOM redaccionp21@peru21.pe Updated on 02/11/2021 07:00 am The leaders of the more than 150 residents who for 28 days have kept Station 5 of the Norperuano Pipeline (ONP) under their control illegally threatened to set fire to the Petroper facility located in Manseriche, Datem del Maran province in Loreto , as a measure extreme to demand solutions to a series of social demands from the State. On October 4, the Awajn Ro Apaga Native Federation (Fenara) and the Peoples Affected by Petroleum Activity (PAAP) took the place. Since then, the oil company has been prevented from any type of control over the plant, where there are about 70 thousand barrels of crude oil and other combustion elements. " Together with the fire they can produce a catastrophic loss with serious consequences for the lives of people, not only the occupants, but the inhabitants of the Flix Flores community ," Petroper warned in a statement released yesterday, in which he regretted that although the competent authorities have been alerted to the risks of the occupation, no action has yet been taken. Therefore, he reiterated to those responsible to stop taking and give in to dialogue. NEGLECT OF THE STATE For the specialist in social management and former manager of Public Relations and Social Management of Petroper, Beatriz Alva Hart , the problem is complex and goes beyond the effects of the company. MIRA: Attacks on Antamina motivate the suspension of their work Station 5 is the heart of the pipeline that, being paralyzed, is not able to pump to derive the oil. There will come a time when you will have to pay for production. This generates losses for the oil company, companies, Loreto and the country, which discourages private investment , he referred to Peru21 . He added that the force measure is a consequence of the government's inaction. A year ago there was a seizure by the same communities that today are in Station 5 and the government established a work schedule with a deadline, which expired without anything being done. That, plus the promises that former Prime Minister Guido Bellido did not keep, has exacerbated the communities, "said the lawyer. THE TIP OF THE ICEBERG The seizure of Station 5 in Loreto is one of the seven active protests that have been taking place nationwide, as a sign of protest against the neglect of the State. The Office for the Prevention of Social Conflicts and Governance of the Ombudsman's Office recalled in its report that the Aquia community in the province of Bolognesi (ncash) initiated an indefinite strike against Compaa Minera Antamina SA on October 24 (see page . 2). In Loreto, three community demonstrations have joined the Amazon Strike, and on October 17 they took over the front of Lot 95 of the Petrotal company. In Lima, since October 19, members of the Quichas Peasant Community maintain a vehicle blockade of the mining company Raura. In addition to these conflicts, this week there will be a strike by rice producers in the province of Caman, in Arequipa, as well as a strike in Moquegua in rejection of the authorization of new mining projects in the Coralaque and Tambo river basins, such as the project Miner Katti, from the Cultinor mining company. Did you know Petroper specified that the paralysis of crude oil transportation by the ONP generated losses of US $ 3 million. The Ombudsman's Office warned that this week there will be eight demonstrations for water, environmental, mining and social problems at the national level. It is not just about oil and mining conflicts; we are facing total instability , said Beatriz Alva Hart.
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