Huayou Energy (01251) successfully won the bid for Peru's Talara Oilfield block 207 development project

Zhitong Finance App News, Huayou Energy (01251) issued an announcement. On October 26, 2026, the company received an official notice from Peruvian oil company PERUPETRO S.A., that the company has successfully won the bid for Peru's Talara Oilfield block 207 development project and obtained the right to sign the project block oil and gas exploration license agreement. According to the tender document arrangement and project award conditions, the Group will obtain oil and gas exploration and development rights for the project after completing subsequent contract negotiations and signing procedures. The period is expected to be 30 years.

Peru's Talara Oilfield Block 207 is located in the Talara Basin in Peru's Piura Province. The basin is one of Peru's most important onshore oil and gas production areas. The block has a good oil and gas resource base and the potential to further increase storage and production. The company plans to carry out old well restoration, development drilling, exploration and drilling, and related ground engineering construction during the project cycle, and improve the degree of utilization of block reserves and the level of oil and gas production through advanced technology and fine management.

In the bidding process for this project, the Group gave full play to its comprehensive advantages such as technical expertise, mature project management experience and international service capabilities in the field of oil and gas field development and operation; at the same time, it selected development blocks with mature production capacity bases in block selection to actively avoid high-risk areas to minimize early investment risks of the project and ensure steady operation throughout the entire cycle.

This bid confirms the Group's strength in oil and gas exploration and development, project operation and management, and international market development, further consolidates the Group's development foundation in the South American energy market, and is expected to enhance the Group's position and influence in the global oil and gas market. The Group believes that the implementation of the project will help enrich the Group's oil and gas resource base, expand subsequent production potential, optimize the Group's international strategic layout, support the Group's long-term operation and sustainable development, and provide support for the Group's transformation into a comprehensive energy enterprise.