PetroTal Corp (LSE:TAL) has posted robust results for the second quarter of 2025, reporting a 15% year-over-year increase in total group production. A key contributor to the performance was the successful replacement of electric submersible pumps at the Bretaña field, which helped restore substantial production volumes. Although the commissioning of a new drilling rig experienced some delays, overall year-to-date production remains on track with guidance, and capital expenditures have stayed below projected levels.
The company concluded the quarter with a healthy cash balance of $142.1 million and is actively preparing for its upcoming drilling campaign at the Los Angeles field. In leadership news, PetroTal named Max Torres as Interim Chief Operating Officer, reinforcing its operational team as it continues to scale.
About PetroTal Corp
Headquartered in Calgary, Alberta, PetroTal Corp is a publicly listed oil and gas exploration and production company focused on energy development in Peru. Its primary asset is the Bretaña Norte oil field, located in Block 95, where the company has become Peru’s leading crude oil producer. PetroTal emphasizes responsible energy production with strong community engagement and sustainability practices.
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