1.1 We are committed to safeguarding the privacy of our website visitors; this policy sets out how we will treat your personal information.
1.2 By using our website and agreeing to this policy, you consent to our use of cookies in accordance with the terms of this policy.
Collecting personal information
2.1 We may collect, store and use the following kinds of personal information:
(a) information about your computer and about your visits to and use of this website (including your IP address, geographical location, browser type and version, operating system, referral source, length of visit, page views and website navigation paths);
(b) information that you provide to us when registering with our website (including your email address)
(c) information that you provide when completing your profile on our website (including your name, user name, country/region, employment details, password);
(d) information that you provide to us for the purpose of subscribing to our email notifications and/or newsletters (including your name and email address);
(e) information that you provide to us when using the services on our website, or that is generated in the course of the use of those services (including the timing, frequency and pattern of service use;
(f) information relating to any purchases you make of our goods / services / goods and/or services or any other transactions that you enter into through our website (including your name, address, telephone number, email address and card details;
(g) information that you post to our website for publication on the internet (including your user name, your profile pictures and the content of your posts);
(h) information contained in or relating to any communications that you send to us or send through our website (including the communication content and meta data associated with the communication);
(i) any other personal information that you choose to send to us; and
2.2 Before you disclose to us the personal information of another person, you must obtain that person's consent to both the disclosure and the processing of that personal information in accordance with the terms of this policy.
Using your personal information
3.1 Personal information submitted to us through our website will be used for the purposes specified in this policy or on the relevant pages of the website.
3.2 We may use your personal information to:
(a) administer our website and business;
(b) personalise our website for you;
(c) enable your use of the services available on our website;
(d) send you goods purchased through our website;
(e) supply to you services purchased through our website;
(f) send statements, invoices and payment reminders to you, and collect payments from you;
(g) send you non-marketing commercial communications;
(h) send you email notifications that you have specifically requested;
(i) send you our email newsletter, if you have requested it (you can inform us at any time if you no longer require the newsletter);
(j) send you marketing communications relating to our business or the businesses of carefully-selected third parties which we think may be of interest to you, by post or, where you have specifically agreed to this, by email or similar technology (you can inform us at any time if you no longer require marketing communications);
(k) provide third parties with statistical information about our users (but those third parties will not be able to identify any individual user from that information);
(l) deal with enquiries and complaints made by or about you relating to our website;
(m) keep our website secure and prevent fraud;
(n) verify compliance with the terms and conditions governing the use of our website (including monitoring private messages sent through our website private messaging service);
3.3 If you submit personal information for publication on our website, we will publish and otherwise use that information in accordance with the licence you grant to us.
3.4 Your privacy settings can be used to limit the publication of your information on our website, and can be adjusted using privacy controls on the website.
3.5 We will not, without your express consent, supply your personal information to any third party for the purpose of their or any other third party's direct marketing.
3.6 All our website financial transactions are handled through our payment services provider, Paypal. You can review the provider's privacy policy at https://www.paypal.com/gr/webapps/mpp/ua/privacy-full. We will share information with our payment services provider only to the extent necessary for the purposes of processing payments you make via our website, refunding such payments and dealing with complaints and queries relating to such payments and refunds.
Disclosing personal information
4.1 We may disclose your personal information to any of our employees, officers, insurers, professional advisers, agents, suppliers or subcontractors insofar as reasonably necessary for the purposes set out in this policy.
4.2 We may disclose your personal information to any member of our group of companies (this means our subsidiaries, our ultimate holding company and all its subsidiaries) insofar as reasonably necessary for the purposes set out in this policy.
4.3 We may disclose your personal information:
(a) to the extent that we are required to do so by law;
(b) in connection with any ongoing or prospective legal proceedings;
(c) in order to establish, exercise or defend our legal rights (including providing information to others for the purposes of fraud prevention and reducing credit risk);
(d) to the purchaser (or prospective purchaser) of any business or asset that we are (or are contemplating) selling; and
(e) to any person who we reasonably believe may apply to a court or other competent authority for disclosure of that personal information where, in our reasonable opinion, such court or authority would be reasonably likely to order disclosure of that personal information.
4.4 Except as provided in this policy, we will not provide your personal information to third parties.
International data transfers
5.1 Information that we collect may be stored and processed in and transferred between any of the countries in which we operate in order to enable us to use the information in accordance with this policy.
5.2 Information that we collect may be transferred to the following countries which do not have data protection laws equivalent to those in force in the European Economic Area: the United States of America, Russia, Japan, China and India.
5.3 Personal information that you publish on our website or submit for publication on our website may be available, via the internet, around the world. We cannot prevent the use or misuse of such information by others.
5.4 You expressly agree to the transfers of personal information described in this Section 5.
Retaining personal information
6.1 This Section 6 sets out our data retention policies and procedure, which are designed to help ensure that we comply with our legal obligations in relation to the retention and deletion of personal information.
6.2 Personal information that we process for any purpose or purposes shall not be kept for longer than is necessary for that purpose or those purposes.
6.3 Notwithstanding the other provisions of this Section 6, we will retain documents (including electronic documents) containing personal data:
(a) to the extent that we are required to do so by law;
(b) if we believe that the documents may be relevant to any ongoing or prospective legal proceedings; and
(c) in order to establish, exercise or defend our legal rights (including providing information to others for the purposes of fraud prevention and reducing credit risk).
Security of your personal information
7.1 We will take reasonable technical and organisational precautions to prevent the loss, misuse or alteration of your personal information.
7.2 We will store all the personal information you provide on our secure (password- and firewall-protected) servers.
7.3 All electronic financial transactions entered into through our website will be protected by encryption technology.
7.4 You acknowledge that the transmission of information over the internet is inherently insecure, and we cannot guarantee the security of data sent over the internet.
7.5 You are responsible for keeping the password you use for accessing our website confidential; we will not ask you for your password (except when you log in to our website).
Amendments
8.1 We may update this policy from time to time by publishing a new version on our website.
8.2 You should check this page occasionally to ensure you are happy with any changes to this policy.
8.3 We may notify you of changes to this policy [by email or through the private messaging system on our website.
Your rights
9.1 You may instruct us to provide you with any personal information we hold about you; provision of such information will be subject to:
(a) the payment of a fee (currently fixed at GBP 10); and
(b) the supply of appropriate evidence of your identity (for this purpose, we will usually accept a photocopy of your passport certified by a solicitor or bank plus an original copy of a utility bill showing your current address).
9.2 We may withhold personal information that you request to the extent permitted by law.
9.3 You may instruct us at any time not to process your personal information for marketing purposes.
9.4 In practice, you will usually either expressly agree in advance to our use of your personal information for marketing purposes, or we will provide you with an opportunity to opt out of the use of your personal information for marketing purposes.
Third party websites
10.1 Our website includes hyperlinks to, and details of, third party websites.
10.2 We have no control over, and are not responsible for, the privacy policies and practices of third parties.
Updating information
11.1 Please let us know if the personal information that we hold about you needs to be corrected or updated.
Part 2: Cookies
About cookies
1.1 A cookie is a file containing an identifier (a string of letters and numbers) that is sent by a web server to a web browser and is stored by the browser. The identifier is then sent back to the server each time the browser requests a page from the server.
1.2 Cookies may be either "persistent" cookies or "session" cookies: a persistent cookie will be stored by a web browser and will remain valid until its set expiry date, unless deleted by the user before the expiry date; a session cookie, on the other hand, will expire at the end of the user session, when the web browser is closed.
1.3 Cookies do not typically contain any information that personally identifies a user, but personal information that we store about you may be linked to the information stored in and obtained from cookies.
1.4 Cookies can be used by web servers to identity and track users as they navigate different pages on a website and identify users returning to a website.
Our cookies
2.1 We use only both session and persistent cookies on our website.
2.2 The names of the cookies that we use on our website, and the purposes for which they are used, are set out below:
(a) we use session cookie on our website to recognise a computer when a user visits the website and track users as they navigate the website;
(b) we use secure cookie on our website to prevent fraud and improve the security of the website;
(c) Persistent cookies will be stored by a web browser and will remain valid until its set expiry date, unless deleted by the user before the expiry date;
Analytics cookies
3.1 We use Google Analytics to analyse the use of our website.
3.2 Our analytics service provider generates statistical and other information about website use by means of cookies.
3.3 The analytics cookies used by our website have the following names: _utma, _utmt, _utmb, _utmc, _utmv and _utmz
3.4 The information generated relating to our website is used to create reports about the use of our website.
3.5 Our analytics service provider's privacy policy is available at: http://www.google.com/policies/privacy/.
Third party cookies
4.1 Our website also uses third party cookies.
Blocking cookies
5.1 Most browsers allow you to refuse to accept cookies; for example:
(a) in Internet Explorer (version 10) you can block cookies using the cookie handling override settings available by clicking "Tools", "Internet Options", "Privacy" and then "Advanced";
(b) in Firefox (version 24) you can block all cookies by clicking "Tools", "Options", "Privacy", selecting "Use custom settings for history" from the drop-down menu, and unticking "Accept cookies from sites"; and
(c) in Chrome (version 29), you can block all cookies by accessing the "Customise and control" menu, and clicking "Settings", "Show advanced settings" and "Content settings", and then selecting "Block sites from setting any data" under the "Cookies" heading.
5.2 Blocking all cookies will have a negative impact upon the usability of many websites.
5.3 If you block cookies, you will not be able to use all the features on our website.
Deleting cookies
6.1 You can delete cookies already stored on your computer; for example:
(a) in Internet Explorer (version 10), you must manually delete cookie files (you can find instructions for doing so at http://support.microsoft.com/kb/278835);
(b) in Firefox (version 24), you can delete cookies by clicking "Tools", "Options" and "Privacy", then selecting "Use custom settings for history", clicking "Show Cookies", and then clicking "Remove All Cookies"; and
(c) in Chrome (version 29), you can delete all cookies by accessing the "Customise and control" menu, and clicking "Settings", "Show advanced settings" and "Clear browsing data", and then selecting "Delete cookies and other site and plug-in data" before clicking "Clear browsing data".
6.2 Deleting cookies will have a negative impact on the usability of many websites.
Cookie preferences
7.1 You can manage your preferences relating to the use of cookies on our website by visiting: controls below
Part 3: Our details
Data protection registration
1.1 We are registered as a data controller with the UK Information Commissioner's Office.
Our details
2.1 This website is owned and operated by Focus Reports Ltd.
2.2 We are registered in England and Wales under registration number 7676770, and our registered office is at Lynton House, 7-12 Tavistock Square, London WC1H 9LT, United Kingdom.
2.3 You can contact us by writing to the business address given above, by using our website contact form or by telephone on +441707828754.
with Roberto Ramallo, Executive Manager, Pluspetrol
04.04.2011 / Energyboardroom
Pluspetrol in Peru represents a new generation of energy companies that have an unyielding integrated approach to the most complex and adverse operations. In this sense how do you strike the right balance between the financial and operational risks with productivity and results?
As a purely Argentine company in the early 1990s, Pluspetrol realized that we must look outside our national borders if we wanted to continue growing. From that moment the company began considering two regions of the world as possible expansion markets: Latin America and North Africa. These markets were chosen based on the amount of capital that was needed to enter and the risks that they represented for a young medium-sized E&P company as was Pluspetrol at that time. We were not ready to break into major markets such as the Middle East that were reserved for the major oil companies. By default we had to focus on locations and markets that were not of interest to the major companies.
We arrived in Peru in 1996 when PetroPeru was undergoing a privatization process and selling part of its assets, of which we successfully were awarded of Block 8. This was a major event in the history of Pluspetrol; first, because these were the first large operation of the company outside of Argentina, and second, because with it we were able to almost double the production we had in Argentina. Pluspetrol was fortunate to have previous experience operating in remote areas back in Argentina, such as the Ramos field , and therefore we had the technology and expertise to operate in similar conditions here in Peru. Due to this, we were confident that we could handle the environmental and logistical challenges that came with operating in Bock 8.
What is the importance and contribution of Pluspetrol Peru to the group as a whole today?
Peru today represents the largest hydrocarbon production that Pluspetrol has anywhere in the world and also the largest reserves of the company.
In Peru, we don’t see many major international Oil & Gas companies. What has been the key to success for Pluspetrol and what is driving the company’s growth?
Our first advantage is that we understand how to do business in Latin America. The founder of Pluspetrol always used to say that the oil business is a very long-term business and therefore one that has to transcend political trends and fluctuations. Presidential terms only last 4 or 5 years and therefore we have to envision that our projects will live through 5 different administrations and adjust our business according to that. As a company we have been very successful in doing this despite the political climate
What has been the role of partnerships in this success?
Companies look for us precisely because of the advantages I mentioned before. The foreign companies appreciate our sense of business and knowledge of operating in the Latin American environment, and on the technical side they also value our expertise of working in very remote areas under extremely harsh conditions.
It is essential to build a relationship with the local communities before initiating any project so that the success and safety of the operations are guaranteed from the outset. The problems is that local communities do not see much of the revenues of the oil & gas industry, because the royalties that are charged by the regional governments are spent on administrative expenses rather than on development projects that directly impact these communities. This is something that needs to be solved at the highest governmental level so that the system of royalties is reformed to include the local communities of the places where we operate.
Pluspetrol Peru, has played an instrumental role in fuelling not only the development and growth of Peru, but also of the entire region fostering growth and energy integration. Where can we expect to see the company’s future investments?
Regarding the upcoming bidding rounds to be launched by PeruPetro, we will have a look at the available options. We also have a lot of exploration projects to conclude on our current blocks and have already planned US$300 million only for Blocks 56 and 88
Out of your current assets where does the company foresee the most growth?
We have great expectations of Block 108, which is directly west of Camisea. We have plans to begin seismic projects by mid-2012. Block 108 is very promising and we expect very positive results in terms of the reserves that we find both for gas and oil.
Camisea could be compared to a “modern Machu Picchu”: a landmark project in Cusco that has repositioned Peru on the world map and has reshaped Peru’s energy matrix. While it is clear how instrumental this project has been for the country’s growth, what has it represented for the Pluspetrol and what have been the major changes the project went through?
Camisea represents for Pluspetrol the most challenging project to be accomplished by the company. Logistically, the project was truly a test because of the lack of roads and having to transport everything via rivers or airplanes. Just to give you an idea, to transport something from the port of Iquitos to Camisea can take anywhere between 21 and 28 days. The other catch is that the river is only navigable during a certain time of the year when it is the rainy season from November through March. Therefore planning the supply chain is critical for the success of the project Aside from the serious logistical challenges, there were also the numerous social issues involved in the completion of Camisea, but I must say that we were able to handle those very well.
Overall Camisea was learning experience for the company and we were able to get a lot out of it in terms of the lessons learned. We were also very fortunate to find the right people to make all of it happen on time and with the goals set in mind
While Camisea has been a success on many fronts, there is now an issue regarding the prices at which gas is being exported and those sold to the local market. What is the right balance between satisfying local demand and the export market?
The way to do this is to continue exploration activities in order to find additional reserves that will be destined specifically for the local market. Now the important thing is to find the resources that will continue supplying the growth of the local market.
15 years ago Pluspetrol was an early believer in Peru. Today Peru its communities and your partners believe in Pluspetrol. What is next for the company in Peru?
Our vision for future is to first continue the development of the Camisea gas field and to add new reserves to what already is there. This will be our focus in the near future. In the long-term we also have high expectations for heavy oil being explored by the subsidiary Pluspetrol Norte in Block 1AB
In the next 10 years I expect Pluspetrol to have developed Blocks 56 and 88, Block 108 next to Camisea and to have developed its heavy oil exploration in Block 1AB in the North.
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