SPT ENERGY (01251.HK): Wins Peru Talara Block 207 Development Rights

NewTimeSpace News: On 30 October 2026, SPT Energy Group Inc. (stock code: 01251) voluntarily announced that it received formal notice from PERUPETRO S.A., Peru's state oil company, on 26 October 2026 that it has successfully won the bid for the Talara Oilfield Block 207 development project in Peru, securing the signing rights for the block's oil and gas exploitation licence agreement.

The announcement stated that, subject to the tender arrangements and award conditions, the group will obtain the oil and gas exploration and development rights to the project upon completing subsequent contract negotiations and signing, with an expected term of 30 years. Block 207 is located in the Talara Basin of Piura Province, Peru, one of the country's most important onshore oil and gas producing areas, with a solid resource base and potential for reserve and production growth.

The company plans to carry out old-well rehabilitation, development drilling, exploration drilling and surface engineering within the project cycle, improving reserve utilisation and output through advanced technology and refined management. The company said the win demonstrates its strength in oil and gas exploration, project operations and international market development, and will further consolidate its presence in the South American energy market.