In March 2009, the agency said the latest round would be opened by July 2009, because of recent differences involving indigenous groups and E&P activity in the nation.
In April 2009, Perupetro signed 13 new licenses which raised the number of contracts in force to 92. The 13 contracts will require estimated investment of $650 million.
If hydrocarbons are discovered, the average royalty companies will pay is 30% of the value of the oil or gas output.
