Cepsa Reaches an Agreement with Petrotal for the Sale of Its Upstream Assets in Peru as Part of Its Energy Transition

Cepsa has signed an agreement with Canadian company PetroTal Corp. to sell its Exploration and Production business in Peru, including the transfer of the company CEPSA PERUANA S.A.C., which manages the Los Angeles oil field. Completion of the transaction is subject to conditions precedent, including regulatory approvals.

The operation forms part of the Company’s Positive Motion 2030 strategy and its commitment to transform its traditional business towards sustainable energy solutions such as green hydrogen, 2G biofuels, and ultra-fast electric charging networks.

Courtesy of Cepsa.

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