Peru greenlights northern seismic campaign

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Thursday, February 2, 2017

Peruvian environmental authorities approved a project to expand hydrocarbons seismic work in northern Piura region.

Olympic filed the semi-detailed EIS in 2013 for the 2D campaign which targets producing block XIII, specifically 293km on XIII-A and 530km on XIII-B.

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The junior operator has budgeted around US$10mn for the seven-month project.

Approval does not constitute the granting of other authorizations or permits that Olympic must secure, according to a resolution from the energy and mines ministry's energy environmental affairs office DGAAE.

DGAAE also is reviewing a US$700mn drilling program planned by Olympic on the acreage.

Block XIII covers 263,358ha and was the fifth largest natural gas producer in January with 244,435m3/d or 0.71% of the total in the month.

[GRAFICO:FIGURA:ID_877]

In a related note, hydrocarbons licensing authority Perupetro issued a fourth call to draft a proposal to implement a project for the national supervision system of remote hydrocarbons measuring.

ALSO READ Will reforms turn around Peru's upstream sector?

Pictured: Peru northwest acreage (CREDIT: Perupetro)