Peru’s Ministry of Energy and Mines has formalized a strategic cooperation framework linking its hydrocarbon training administration committee with the country’s largest professional engineering body, establishing a mechanism to deliver specialized technical education and technology transfer as the sector confronts workforce challenges. The agreement positions CAREC as a key vehicle for addressing gaps in specialized competencies while the sector manages exploration projects holding 2,676 million barrels of prospective oil resources and 800 billion cubic feet of gas across five active exploration contracts.