HOUSTON: PetroTal Corp. provided an update on operations at the Bretana oil field which, as previously indicated, recommenced in mid-July. On May 7, 2020, PetroTal announced that it had temporarily shut in the Bretana oil field operations in response to a directive issued by the Peruvian government’s health department related to COVID-19 prevention, that resulted…
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PetroTal announces arrangement with Petroperu; oil sales contract terms extended to 3 years
HOUSTON: PetroTal Corp. has entered into an arrangement with Petroperu S.A. The arrangement will result in the Company’s liability to Petroperu in relation to the recent oil price movements being payable over a three year period, rather than at the point of sale of the oil. The arrangement has been structured to minimize the impact…