Canadian firm pulls out of Block 135

28 April 2017

Writing in the Guardian blog, David Hill reports that Pacific Exploration and Production has pulled out of Block 135 in the Peruvian Amazon. The block is located close to the Brazilian frontier, and the activities of Pacific Exploration have been denounced by local environmentalists as jeopardising the existence of jungle tribes living there. However, the company is quoted as having decided to pull out for purely financial considerations. The contract ended in March and the decision as to what happens next is in the hands of Perupetro

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