The lingering political instability and series of social unrests in Peru have prompted Lopez-led Energy Development Corporation to withdraw from planned investment expansion in that Latin American energy market.
EDC’s plan to expand offshore investment opportunities had been contemplated more than a decade ago, but several factors, have so far been impeding its full entry into these markets. That followed an earlier attempt to pursue exploration and development at the Chocopata project, although that was abandoned by EDC in 2012 due to non-commercial viability in the targeted development site.
Source: News Formal (newsformal.com)
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