SPT ENERGY (01251) successfully won the development rights of Block 6 of the Talara oil field in Peru.

SPT ENERGY (01251) announced that on November 22, 2025, the company received official notification from Peru's oil company PERUPETROS.A. that it has successfully passed the qualification review process specified in its comprehensive bidding document and won the bid for the development project of Block 6 of the Talara oil field in Peru, obtaining the signing rights for the hydrocarbon extraction permit agreement for this project block. The Group will be fully responsible for the development and operation of this project block, with a 30-year period for petroleum extraction. The Talara oil field is located in the Talara Basin of the Piura Province in Peru, which is the birthplace of Peru's oil industry, and the resource conditions of the block are mature. The company will systematically advance the development and production of this project through comprehensive technical means such as well restoration, drilling new wells, and applying enhanced oil recovery technologies, striving to maintain stable oil field production while achieving steady growth and high-quality development. During the bidding process for this project, the Group fully leveraged its technical expertise in the field of oil and gas field development and operation, mature project management experience, and international service capabilities as comprehensive advantages; at the same time, it precisely selected development blocks with mature production capacity as a proactive measure to avoid high-risk areas, in order to minimize the initial investment risks of the project and ensure robust operations throughout the entire cycle. Furthermore, winning this project marks a significant breakthrough for the Group in the development of oil and gas resources in South America, further enhancing the Group's business layout in key overseas regions, and helping to increase the Group's market share and industry influence in the global oil and gas market. The Group believes that the implementation of this project will open up new opportunities for the Group's sustainable development, and it will continue to adhere to its development strategy of vigorously expanding potential overseas projects, promoting international strategic layout, deepening operational strategies of technological integration and innovation applications, and steadily advancing towards becoming a globally competitive comprehensive oil and gas service enterprise.