Block 131 – Los Angeles

Ucayali Development

Block 131 contains the producing Los Angeles oil field. PetroTal acquired the asset in November 2024, providing the Company with an additional near-term development project at minimal entry cost.

Here are some key facts about Block 131:

  • The Los Angeles field was discovered by CEPSA in 2013; the current production license agreement expires in 2038
  • The project includes modern facilities with oil handling capacity of 5,500 barrels of oil per day
  • Average field production was ~800 barrels of oil per day in 2024
  • Production is light (40-45° API) oil, which is sold to PetroPeru at the Iquitos Refinery
Block 131 LA