SPT ENERGY (01251) rose more than 7%, reaching HK$0.2 by the time of writing, with a trading volume of HK$2.41 million. The surge follows the company's announcement that it successfully secured the development rights for Block 6 in Peru's Talara oil field through a competitive bidding process by PERUPETRO S.A. on November 22, 2025.

The company has obtained the signing rights for the hydrocarbon extraction agreement and will be fully responsible for the development and operation of the block, with a 30-year oil extraction term. Located in the Talara Basin of Piura, Peru, the block is situated in a mature resource area known as the birthplace of the country's petroleum industry.

This milestone marks a significant breakthrough for SPT ENERGY in South America's oil and gas sector, strengthening its strategic presence in key overseas markets and enhancing its global market share and industry influence. The company believes this project will create new opportunities for sustainable growth and reaffirms its commitment to expanding high-potential international projects, advancing its global strategy, and driving technological innovation to solidify its position as a competitive integrated oilfield services provider.