Consortia awarded Lote I and VI in Peru's oil auction are contesting Perupetro's decision to reject their bids due to concerns over their financial standing. Perupetro cited insufficient residual net equity as the reason for the rejection.
The consortia, represented by Maximixe, argue Perupetro's interpretation of the residual net equity calculation is overly formalistic and ignores accepted financial practices. They claim Perupetro incorrectly excluded asset revaluations, significantly affecting the financial picture.
Maximixe contends that excluding these revaluations is not in line with standard financial evaluations and that Perupetro should reconsider its decision. They point out that there's no specific regulation defining what constitutes residual net equity.
Perupetro has 30 days to review the challenge and decide whether to uphold or reverse the rejection of the winning bids. Noteworthy is that Petroperú, which placed third in the bidding, has publicly expressed interest in managing these lots.