PetroTal lifts 2025 output, strengthens balance sheet and names new COO

PetroTal Corp ( (TSE:TAL) ) has shared an update.

PetroTal reported that group production averaged 15,258 barrels of oil per day in the fourth quarter of 2025 and 19,473 bopd for the full year, with annual output rising about 9.2% to just over 7.1 million barrels despite temporary capacity constraints at its Bretana field caused by production tubing leaks. The company has largely restored shut-in volumes by replacing production tubing in six wells, bringing early January 2026 production back in line with prior forecasts, while Bretana passed a major milestone of 30 million cumulative barrels produced and continues to underpin sizeable proven and probable reserves. PetroTal ended 2025 with a solid liquidity position, holding $139.1 million in total cash, including $112.4 million of unrestricted cash, and relatively balanced trade payables and receivables, supporting its ability to fund the next phase of field development. In a key management move, PetroTal appointed industry veteran Jorge Osorio as Chief Operating Officer, adding extensive heavy oil and large-project operating experience from Ecopetrol and BP to oversee field operations, engineering, production and drilling as the company prepares its 2026–28 growth phase.

More about PetroTal Corp

PetroTal Corp. is a publicly traded, tri-quoted oil and gas development and production company domiciled in Calgary, Alberta, focused on developing oil assets in Peru. Its flagship asset is a 100% working interest in the Bretana Norte oil field in Block 95, where production began in 2018, and it also operates the Los Angeles field in Block 131. Having become Peru’s largest crude oil producer in early 2022, the company targets safe, cost-effective development of its Peruvian fields while pursuing community-sensitive energy initiatives that aim to benefit local stakeholders.

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