(WO) – PetroTal Corp. mentioned it’s getting ready to renew growth drilling at its Bretana discipline in Peru later this yr as the corporate works to stabilize manufacturing and return to development.
The corporate reported first-quarter 2026 manufacturing of roughly 14,900 bopd and mentioned it has signed a contract with a third-party drilling contractor forward of a deliberate drilling marketing campaign anticipated to start in October.
PetroTal additionally elevated its 2026 adjusted EBITDA steering to $110 million-$120 million, up from a earlier outlook of $30 million-$40 million, citing stronger crude pricing and enhancing operational efficiency.
President and CEO Manuel Pablo Zuniga-Pflucker mentioned the corporate stays targeted on sustaining manufacturing at Bretana whereas positioning the asset for its subsequent development section.
“At Bretana, we stay targeted on getting ready the sector for its subsequent section of development,” he mentioned. “We superior key infrastructure initiatives, together with stimulation work on water injection wells to extend injection capability and assist stabilize manufacturing forward of our upcoming drilling marketing campaign.”
The corporate mentioned year-to-date gross sales volumes are monitoring barely forward of expectations because it strikes towards the center of the second quarter.
Along with restarting drilling exercise, PetroTal plans to conduct pulling jobs on three wells in the course of the third quarter to optimize efficiency forward of the brand new marketing campaign.
“Trying forward, our priorities stay clear: maintain and construct manufacturing at Bretana, execute our capital program, and place the Firm to return to development,” Zuniga-Pflucker mentioned.
