The project, which cost nearly four billion dollars by 2015, developed in a remote, forested region of the Amazon Basin which has a population of mostly Indigenous people.
[3] A consortium of Shell and Mobil started to develop the fields, but cancelled all projects in Peru in July 1998, due to political concerns.
[citation needed] In December 2000, contracts were signed for the project development with an international consortium which now includes of Pluspetrol (27.2%), Hunt Oil Company (25.2%) SK Corporation (17.6%), Repsol YPF (10%), Tecpetrol (10%), and Sonatrach (10%).
[4] The key legal advisors in the transaction were Jaime Malagón, Jerome Jakubik, Paul Slocomb, and Víctor M. Marroquín of Baker & McKenzie, the international law firm retained by the Peruvian Government to advise on all privatization processes.
In the preamble to the DS was explicitly stated that having the Act amended 28552 Article 4 of Law 27133 in relation to supplying the domestic market, authorizing Perupetro to renegotiate the contract for Block 88 to allow its proven reserves are exported.
[citation needed] The development plan was carried out under the government of President Alejandro Toledo and the gas fields became operational in August 2004.
[6] The second 714-kilometre (444 mi) natural gas pipeline runs from Malvinas along the coast to Lima and Callao for distribution to residents and industries in the capital city.
This pipeline system is operated by Transportadora de Gas Peruano, a consortium of Tecgas, Pluspetrol, Hunt Oil Company, SK Corporation, Sonatrach and Grana y Montero.
[8] The UN has called for the "immediate suspension" of any plans to expand the Camisea Gas project, due to the high likelihood that by further intrusion into the Nahua-Nanti Reserve, several uncontacted and isolated tribes who live in the territory could be placed at risk of disease and death, as well as extreme scarcity brought on by disruption to game animals.
The territory also serves as a buffer zone for Manu National Park, considered by UNESCO to be "the most biodiverse place on earth.