- Interoil (OTC:IROIF), the Norwegian exploration/production company, secures a license deal for two onshore blocks in Peru after earlier losing a legal battle to gain an extension of its operatorship for the pair.
- The deal signed with Perupetro allows Interoil to retain the blocks in Peru’s Talara region for another year under the same terms as its original license contracts.
- Interoil says it will bid for a 30-year license for the blocks in an upcoming licensing round likely to take place early next year before the new deal expires.