Peru’s Vizcarra Cancels Tullow’s Offshore Oil Contracts

The government of Peruvian President Martin Vizcarra cancelled five offshore oil contracts on May 23 that his predecessor had awarded to London-based Tullow Oil Plc before resigning, citing insufficient consultations with coastal residents.

The decision was a win for fishermen and environmentalists who warned exploration and drilling would have put important fisheries and whale breeding grounds at risk.