Guide to Investing in Energy Projects in Peru

Publication of EY Peru, ProInversión, the Peruvian Ministry of Foreign Affairs, PeruPetro and the Peruvian Ministry of Energy and Mines for the promotion of investment in Energy Projects in Peru.

The year 2020 has been a difficult one, the COVID 19 pandemic has affected the Peruvian economy in a negative way, but despite this situation, the energy industry is still playing an important part in the national economy. As the economy starts to reactivate in 2021, Peru’s solid economic fundamentals will determine a strong rebound after the pandemic, at around 8% economic growth by the end of the year. This guide is meant to lead the way of foreign investors who are looking to do business and learn more about Peru’ attractive portfolio.  

At the end of August 2020, the Energy industry generated:

In the last 10 years, Peru has been one of the fastest growing economies in Latin American, with an average growth rate of 4.5%. Peru has had an increasing demand in the Energy industry during the last 20 years, due to the developing of mining and industrial projects and the growth of its main cities. This potential is reinforced by the country’s geology, as well as the discovery of oil and gas deposits such as the Camisea natural gas reserves.

Demand for energy in Peru month by month in the last year

This Energy Investment Guide is structured to help investors evaluate Peru’s energy sector investment conditions and provide them an updated landscape of the industry. In that sense, we have included various aspects usually taken into consideration by investors from around the world before making critical decisions on the development of new oil & gas operations. 

Peru’s Main Economic Activities 

Main Economic Activities by Region

Peru’s sharply contrasting geographical areas, make it an extremely diverse country, with a wide variety of ecosystems, thus flora and fauna. It is ranked second in the world in 2020 in the production of silver, copper and zinc; third in lead; fourth in tin, mercury and molybdenum and eight in gold, besides having large deposits of iron, ore, phosphates, manganese, petroleum and gas, according to the US geological survey.

According to the Multiannual Sector Energy Plan – PESEM 2016-2021 of the Peruvian Ministry of Energy and Mines, Peru is a safe country for investments, since it offers not only great investment opportunities, but also has a legal framework and focused policies in respect of the environmental and social inclusion.

Oil exploration and exploitation investments evolution in USD Millions (2013-2020)

Energy activity not only represents one of the fundamental engines for the development of the national economy, but also represents an essential factor for the development of the population and the eradication of poverty. Peru seeks to incorporate the main trends and future energy events to the national sector such as the integration of energy and development of information technology is being considered; the use of WiTricity (wireless power energy); the capture, use and storage of carbon; the exploitation of hydrogen energy; mass migration to electric transport vehicles; and transformation of the supply chain with blockchain technology for oil & gas.

Click on the maps to see a closeup of Peru’s blocks and areas of investment. 

• Peru's Block Map
• Blocks and Areas Open to Investment
• Peru's 2d Seismic Map