Perenco-PetroVietnam begin Peru heavy crude production

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Thursday, December 5, 2013

Perenco and PetroVietnam Exploration Production have begun heavy crude production at Peru block 67 in northern region Loreto with investment to date of US$712mn.

The work begins development of reserves in the eastern part of the Marañón basin and is strategically located for crude transport, state hydrocarbons promotion agency Perupetro reported. Proven reserves are estimated at 100Mb.

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Initial output is 1,000b/d, 6,000b/d in 2014, 12,000b/d in 2015 and 35,000b/d in 2017 with subsequent peak production of 60,000b/d. Development wells will be drilled first on the Piraña field followed by Dorado and Paiche.

Total project investment to produce and transport the crude tops US$1.8bn.

The 16 degree API crude will be mixed with a light hydrocarbon to reach 18 degree API for transport through the Norperuano pipeline.

Until the infrastructure is in place to transport the thinner to the block, the crude will be transported via water from the Curaray terminal to station 1, and then through a 200km pipeline to connect the block with the Andoas station.

Perupetro also reported that block 57 commercial development should begin in the coming weeks to produce 85Mf3/d (2.41Mm3/d) natural gas and 5,600b/d NGLs.