The Camisea Gas Project extracts and transports natural gas originating near the Urubamba River in Megantoni District, La Convención Province in the Cusco Region of Peru. 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. History In July 1981 the Peruvian government signed an oil contract for blocks 38 and 42 with Royal Dutch Shell. The contract covered approximately in the southern part of the Ucayali Basin. The Camisea gas fields were discovered in 1986 by Shell. By 1987, two non-associated natural gas fields, San Martín and Cashiriari, were approved economically feasible. In March 1988, the preliminary agreement on exploration was signed between Petroperú and Shell. However, the talks ended in August of that year without reaching a final agreement. Shell and Petroperú signed the agreement for the assessment and development of the Camisea fields in March 1994. A consortium of Shell and Mobil started to develop the fields, but cancelled all projects in Peru in July 1998, due to political concerns. Six drilled wells and facilities went to the Peruvian State. For this reason, in May 1999, the Commission for the Promotion of Private Investment agrees to conduct a promotional process to develop the Camisea project through a scheme involving independent modules segmented business. In 1999, it adopted the Law No. 27133 with an assured supply of the domestic market by a "permanent horizon of 20 years." In late May 1999, the Special Committee of Camisea Project (CECAM) convened two international public tender for awarding the contract for the exploitation of Camisea, concessions and transport of liquids and gas from these fields to the coast and gas distribution in Lima and Callao. 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%). 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 early May 2002, signed the concession contract for the transportation and distribution of gas from Camisea. In 2003 promulgating the DS 031-MS, eliminating the phrase "permanent horizon of 20 years" of Law No. 27133 and