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PetroTal - CEO, Manuel Pablo Zuniga Pflucker.
CEO, Manuel Pablo Zuniga Pflucker.
Source: University of Maryland.
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  • PetroTal (TAL) has halted oil barge loading at Bretana due to protests against the government of Peru
  • The oil field remains safe and producing; however, dock access is currently being blocked
  • The company is curtailing production and will execute a full shut down if the situation is not resolved
  • PetroTal is an oil and gas development and production company focused on assets in Peru
  • PetroTal (TAL) is down by 14.29 per cent and is currently trading at $0.30 per share

PetroTal (TAL) has halted oil barge loading at Bretana due to protests against the government of Peru.

The oil field remains safe and producing; however, protesters are blocking dock access to amplify their calls for social assistance.

The company will curtail production to manage oil tank storage capacity, but if the situation persists, a full field shut down may be required in the coming days due to the lack of an alternative route to market.

PetroTal is in direct communication with local communities and the government to enact a quick resolution.

It has previously called for the implementation of a community development fund with government support to increase social equity.

PetroTal is an oil and gas development and production company focused on assets in Peru.

PetroTal (TAL) is down by 14.29 per cent and is currently trading at $0.30 per share as of 12:29 pm EST.

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