15:01 | Lima, Dec. 08 (ANDINA).
The Camisea Consortium, which is producing natural gas from Peru's largest fields, said Friday it paid $95.8 million in royalties to the government last month.
Existing legislation stipulates that half of the royalty take – some $47.9 million – must be allocated to the regional government in Cusco, where the gas fields are located, and to municipalities adjacent to the deposits.
Royalty payments totaled $1.05 billion in the January-November period, and payments have totaled $4.78 billion since 2004, the consortium said in a statement.
The Camisea fields, located in the southern region of Cuzco, hold some of Latin America's largest natural gas reserves.
Camisea's proven reserves total some 8.7 trillion cubic feet.
The Camisea consortium is made up of Spain's Repsol, Argentina's Pluspetrol and Tecpetrol, U.S.-based Hunt Oil, South Korea's SK Energy and Algeria's Sonatrach.
(END) JJN/AQR/EEP
Published: 12/8/2012