Three blocks accounted for the majority of national oil output in July. Lote 95 in Loreto region led production at 10,658 bpd, down from 11,476 bpd in May. Lote X in Piura contributed 8,233 bpd in July compared to 8,342 bpd in May, while Lote Z-69, also in Piura, produced 2,954 bpd in July versus 3,683 bpd in May. The data indicates declining performance even among the country’s most productive assets. Multiple blocks including Lotes 67, XV, XX, and Z-6 registered zero production during the reporting periods.
Natural gas production presented a contrasting picture with output reaching 1,554 million cubic feet per day in July 2026, up from 1,551 mmcfd in June and representing 9.6% growth compared to July 2025. The July performance followed a dramatic recovery from April’s 787 mmcfd to May’s 1,487 mmcfd, which had marked a 14% year-on-year increase. Production remained concentrated in Cusco region’s Camisea system, with Lote 88 delivering 979 mmcfd in July compared to 838 mmcfd in May, Lote 56 contributing 302 mmcfd versus 350 mmcfd in May, and Lote 57 producing 199 mmcfd compared to 230 mmcfd.
The hydrocarbon association emphasized that the 23% year-on-year oil decline demonstrates Peru’s continuing production deterioration. The organization called for measures to reactivate exploration and develop new projects through predictable regulatory frameworks, expedited permitting processes, and conditions strengthening private investment. The association framed these actions as essential for increasing reserves, guaranteeing energy security, and reducing Peru’s growing dependence on hydrocarbon imports as domestic production fails to meet demand.
This article was curated and published as part of our South American energy market coverage.
